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How much will the coupon payments be of a 15-year $500 bond with a 4% coupon rate and quarterly payments? a. $1.67 b. $20.00 c.
How much will the coupon payments be of a 15-year $500 bond with a 4% coupon rate and quarterly payments?
a. $1.67
b. $20.00
c. $5.00
d. $10.00
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