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12. You own eight (8) 7.25 percent coupon bonds with a total maturity value of $8,000. How much will you receive every six months as

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12. You own eight (8) 7.25 percent coupon bonds with a total maturity value of $8,000. How much will you receive every six months as an interest payment? 13. A 7.5 percent coupon bond is currently quoted at 89.3 and has a face value of $1,000. What is the amount of each semi-annual coupon payment if you own three (3) of these bonds? A. $56.25 B. $75.00 C. $100.46 D. $112.50 E. $200.93 14. You own one futures contract on gold that you purchased at a quoted price of 948.4. The current price quote is 1008.8. The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment? A. $30.40 B. $912.00 C. $3,040.00 D. $6,040.00 E. $9,120.00

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