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Elif owns a bond that will pay her $75 each year in interest plus a $1,000 principal payment at maturity. What is the $75 called?
Elif owns a bond that will pay her $75 each year in interest plus a $1,000 principal payment at maturity. What is the $75 called? What is the $1,00 called? What other information would Elif need to calculate the value of this bond? (Please Show Work, Thank You So Much in Advance!)
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