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As you look for alternative investments to include in your stock portfolio, you find a bond with 3% coupon payment and a 10 year maturity.

As you look for alternative investments to include in your stock portfolio, you find a bond with 3% coupon payment and a 10 year maturity. You are deciding if this investment makes sense to add to your holdings.
- What is the annual coupon payment of the bond?
- If you hold the bond until maturity, what is the dollar value of coupon payments you will receive?

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