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Bob bought a $1,000, five year bond with the coupon rate of 6%. On the purchase date, the market interest rate was 4%. The bond

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Bob bought a $1,000, five year bond with the coupon rate of 6%. On the purchase date, the market interest rate was 4%. The bond pays interest semi-annually. How much interest would Bob receive semi-annually? Select one: 3. $30 OD 560 $40 d. $20 Next page ge > a e here to search c a 43%

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