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6.A 6.5 percent bond has a yield to maturity of 7.25 percent, 12 years to maturity, a face value of $1,000, and pays interest annually.

6.A 6.5 percent bond has a yield to maturity of 7.25 percent, 12 years to maturity, a face value of $1,000, and pays interest annually. What is the amount of each coupon payment?

A.$65.00

B.$68.23

C.$69.10

D.$72.50

E.$77.00

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