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A bond has a por value of $1,000, a current yield of 7.05 percent, and semiannual coupon payments. The bond is quoted at 10312 .

A bond has a por value of $1,000, a current yield of 7.05 percent, and semiannual coupon payments. The bond is quoted at 10312 . What is the amount of each coupon payment? Multiple Choice $7270 $3635 $40.89 $35.25 $70.50

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