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44. A municipality issued a ten-year instalment debenture in 2010. It was a $100 million issue with a 10% coupon associated with it. It was
44. A municipality issued a ten-year instalment debenture in 2010. It was a $100 million issue with a 10% coupon associated with it. It was going to be retired in ten equal payments at the end of 2010, 2011, 2012, etc. Which of the following represents the total associated cash flow for the year 2011?
a) $10 million b) $19 million c) $20 million d) $29 million
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