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Elizabeth Cherry has a bond that has 10 years to maturity, a face value of $1,000, an 7.5% interest rate, and a market price of

Elizabeth Cherry has a bond that has 10 years to maturity, a face value of $1,000, an 7.5% interest rate, and a market price of $1,450. What is the dollar amount of annual interest on this bond?

$65
$30
$55
$75
$150

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