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Assume that you purchase a $6,500 corporate bond that pays 80 percent interest. What is the amount of interest that you receive each year? (Round

Assume that you purchase a $6,500 corporate bond that pays 80 percent interest. What is the amount of interest that you receive each year? (Round your answer to 2 decimal places.) 21 Multiple Choice $52.00 $6236 $600.81 56,500.00 11:20 AM

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