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Elizabeth Cherry has a bond that has 10 years to maturity, a face value of $1,000, an 10% 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 10% interest rate, and a market price of $1,450. What is the dollar amount of annual interest on this bond? Multiple Choice $80 $140 $20 $90 $100

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