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A 10-year, $1,000 bond with a contractual interest rate of 6.25% would pay how much in interest each year? $625 $6.25 $12.50 $62.50

A 10-year, $1,000 bond with a contractual interest rate of 6.25% would pay how much in interest each year? $625 $6.25 $12.50 $62.50

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