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An 8-year bond is issued with the following terms: Face value: $900,000 Annual coupon rate: 14% Market rate: 11% What is the amount of the

An 8-year bond is issued with the following terms:

Face value: $900,000

Annual coupon rate: 14%

Market rate: 11%

What is the amount of the semiannual interest annuity paid under this bond?

$126,000

$63,000

$99,000

$49,500

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