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A corporate bond has a coupon rate of 9%, a yield to maturity of 11.1%, a face value of $1,000, and a market price of

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A corporate bond has a coupon rate of 9%, a yield to maturity of 11.1%, a face value of $1,000, and a market price of $850. Therefore, the annual interest payment is: Select one: a. $90 b. $111 c. $76.50 d. $109

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