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A bond has the following information. Face of the bond = $1,000 Effective Rate=4% Coupon Rate 3% *Maturity date 5 years from now; interest is

A bond has the following information. Face of the bond = $1,000 Effective Rate=4% Coupon Rate 3% *Maturity date 5 years from now; interest is paid annually. To price the bond what is the amount of interest payment that is paid every year to the investor? A) $400 B) $300 $200 D $150 E $20 $40 $15 H $30

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