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A 25000 par value 15 year bond with 8% annual coupons is bought at a premium to yield 6% annual effective rate. Calculate the interest

A 25000 par value 15 year bond with 8% annual coupons is bought at a premium to yield 6% annual effective rate. Calculate the interest portion of the 7th coupon. Select one: A. 1704 B. 1502 C. 2296 D. 2101 E. 1903

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