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A bond has a face value of $ 1 , 0 0 0 and a coupon rate of 3 . 2 5 % . What

A bond has a face value of $

1, 000

and a coupon rate of

3.25 % .

What is your annual interest payment if you own

12

of these bonds?Group of answer choices$

110

325

390

440

1, 200

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