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A corporate bond has a 8.4% annual coupon rate. The bond has a $1000 face value and is currently selling at $1080. The annual coupon

A corporate bond has a 8.4% annual coupon rate. The bond has a $1000 face value and is currently selling at $1080. The annual coupon payment on this bond is

$84.

$87.83.

$96.9.

$90.72.

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