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Chris recently purchased a bond for $1190. The bond has a par value of $1000 and a coupon rate of 2.00%. Based on this information,
Chris recently purchased a bond for $1190. The bond has a par value of $1000 and a coupon rate of 2.00%. Based on this information, you know that Chriss current effective interest rate earned on the bond is _______________ and when the bond matures he will receive _________________:
1.68%; nothing.
1.68%; 1000
2.00%; $1190.
2.00%; $1000.
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