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Hudson Corp. sells $450,000 of bonds to private investors. The bonds have a 7% coupon rate and interest is paid semiannually. The bonds were sold

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Hudson Corp. sells $450,000 of bonds to private investors. The bonds have a 7% coupon rate and interest is paid semiannually. The bonds were sold to yield 10%. What periodic interest payment does Hudson make to its investors? Select one: a. $31,500 b. $45,000 c. $15,750 d. $22,500 e. None of these are correct

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