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If a $1,000, 8% semi-annual bond matures, how much money will the bondholder receive as a final payment? ____ A) $1,000 B) $1,040 C) $1,080

If a $1,000, 8% semi-annual bond matures, how much money will the bondholder receive as a final payment?

____

A) $1,000

B) $1,040

C) $1,080

D) Undetermined due to the unknown term of the bond

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