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A bond has a face value of $1,000,000 and a coupon rate of 6%. What does it pay the investor each year (besides the face
A bond has a face value of $1,000,000 and a coupon rate of 6%. What does it pay the investor each year (besides the face value at maturity)? a) $60,000 b) $100,000 c) cannot determine without knowledge of the yield-to-maturity d) cannot determine without knowledge of the maturity
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