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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

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: a. $60 b. $20 c. $40 d. $30

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