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A semiannualpay coupon bond carries a par value of $3,000. Its quoted price equals $97.50 and it carries a 10% coupon rate. The current market
A semiannualpay coupon bond carries a par value of $3,000. Its quoted price equals $97.50 and it carries a 10% coupon rate. The current market value of the bond and the value of each coupon is closest to:
Market Value | Coupon Payment | |
A. | $2,925 | $150 |
B. | $975 | $300 |
C. | $2,925 | $300 |
Group of answer choices
Row C
Row B
Row A
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