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A bond has a par value of $1,000, a current yield of 6.87 percent, and semiannual coupon payments. The bond is quoted at 100.78. What

A bond has a par value of $1,000, a current yield of 6.87 percent, and semiannual coupon payments. The bond is quoted at 100.78. What is the amount of each coupon payment? Multiple Choice $34.35 $68.70 $34.62 $69.24

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