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A bond has a par value of $ 1 , 0 0 0 , a current yield of 6 . 9 6 percent, and semiannual

A bond has a par value of $1,000, a current yield of 6.96 percent, and semiannual coupon payments. The bond is quoted at 101.95. What is the amount of each coupon payment?
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$34.80
$70.96
$39.91
$69.60
$35.48
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