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A ten - year 9 % $ 1 , 0 0 0 par value bond is currently trading for $ 1 , 0 2 0

A ten-year 9% $1,000 par value bond is currently trading for $1,020. You believe you can reinvest the semiannual coupon payments at a 3.5% semi-annual rate through maturity. However, you plan to sell the bond after two years. You believe that in two years, comparable 8-year maturity bonds will be priced to yield 8% annually.
How much do you expect to receive in coupon interest payments over the two years?
Group of answer choices
A. $45
B. $90
C.180
D. $360
E.720

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