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A bond has a par value of $1,000, a current yield of 6.90 percent, and semiannual coupon payments. The bond is quoted at 101.17. What

A bond has a par value of $1,000, a current yield of 6.90 percent, and semiannual coupon payments. The bond is quoted at 101.17. What is the amount of each coupon payment? Multiple Choice $34.50 $69.81 $69.00 $34.90 $39.27

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