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A bond has a coupon rate of 5.5 percent and a face (par) value of $1,000. This bond's annual coupon will be: A bond has

A bond has a coupon rate of 5.5 percent and a face (par) value of $1,000. This bond's annual coupon will be: A bond has a coupon rate of 5.5 percent and a face (par) value of $1,000. This bond's annual coupon will be:

a. 9 percent

b. $55

c. 10.5 percent

d. $110

e. None of the above

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