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Consider a bond with a par value of $2,000. It pays a coupon of 12% and the coupon is paid monthly. It matures in 12

Consider a bond with a par value of $2,000. It pays a coupon of 12% and the coupon is paid monthly. It matures in 12 years. What is the coupon Payment?

$240

$120

$20

None of the answers are correct

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