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If a $1,000 face value coupon bond has a coupon rate of 7 percent, then the coupon payment every year is A. $70. B. $7.

If a $1,000 face value coupon bond has a coupon rate of 7 percent, then the coupon payment every year is

A. $70.

B. $7.

C. $700.

D. $100.

E. None of the above.

PLEASE SHOW WORK I NEED HELP STUDYING :D

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