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Franklin purchased a $10,000 20-year Treasury bond that promised to pay him 1.25% interest every six months for the life of the loan. Which of
Franklin purchased a $10,000 20-year Treasury bond that promised to pay him 1.25% interest every six months for the life of the loan. Which of those numbers is the par value of the bond?
- a.)
10,000
- b.)
Six
- c.)
20
- d.)
1.25
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