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Assume that you purchase a $3,000 bond issued by Kohls that pays 6 percent interest each year, paid every 6 months. What is the amount

Assume that you purchase a $3,000 bond issued by Kohls that pays 6 percent interest each year, paid every 6 months. What is the amount of each interest payment? (Round your answer to 2 decimal places.)

Multiple Choice

$18.00

$90.00

$180.00

$9.00

$3,000.00

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