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If a company issues a $ 1 , 0 0 0 bond with an interest rate of 7 percent and a maturity date of 2

If a company issues a $1,000 bond with an interest rate of 7 percent and a maturity date of 2033, what is the company agreeing to pay the bondholder?
Multiple choice question.
A total of $70 interest each year until a specified date in 2033, when it must repay the full $1,000
A total of $1,000 interest each year until after the maturity date of 2033
A total of $7,000 interest each year before the specified date in 2033
A total of $7 interest each year until a specific date in 2033, when it must repay the full $5,000

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