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3 ) A 1 0 0 0 - par value 3 0 - year bond has an annual coupon rate of 7 % paid semiannually.

3) A 1000-par value 30-year bond has an annual coupon rate of 7% paid semiannually. After an initial 10-year period of call protection, the bond is callable immediately following the payment of any of the 20th through the 59th coupons.

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