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A $1,000 par value bond with a fixed 11% rate of interest pays coupons semiannually. What amount will the bondholder receive on the bond's maturity
A $1,000 par value bond with a fixed 11% rate of interest pays coupons semiannually. What amount will the bondholder receive on the bond's maturity date? (multiple choice)
1) $50
2) $55
3) $500
4) $1,000
5) $1,050
6) $1,055
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