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Assume that you purchase a $ 1 , 0 0 0 corporate bond that pays 8 . 2 5 percent interest. What is the dollar

Assume that you purchase a $1,000 corporate bond that pays 8.25 percent interest. What is the dollar amount of interest that you receive each year?
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$1,000.00
$82.50
$82.00
$80.00
$8.25
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