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An investor is interested in purchasing 100 Senior Note Corporate Bonds from Home Depot that has a coupon rate of 5.8750% and a maturity date

An investor is interested in purchasing 100 Senior Note Corporate Bonds from Home Depot that has a coupon rate of 5.8750% and a maturity date of December 16, 2036. The offering amount and principal amount for the bond are respectively $3,000,000 and $1,000. Based on the information given above, how much annual interest can the investor expect to receive?

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