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A bond has a par value of $ 1 , 0 0 0 , a current yield of 6 . 2 5 percent, and semiannual

A bond has a par value of $1,000, a current yield of 6.25 percent, and semiannual interest payments. The bond quote is 120. What is the amount of each coupon payment?
$63.00
$31.50
$37.50
$62.50
$31.25

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