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Assume a bond issuer sells a $1,000 bond to the bond investor. The stated rate of interest is 10% and the market rate of interest

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Assume a bond issuer sells a $1,000 bond to the bond investor. The stated rate of interest is 10% and the market rate of interest is 12%. The present value of the bond is $966. What is the amount of this bond's first coupon payment? O $34 O $100 O $120 O $1,000

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