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Janine wants to purchase a $1000 Canada Bond. Her broker has suggested a Canada Bond that matures on the 15th of December 2020. The bond

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Janine wants to purchase a $1000 Canada Bond. Her broker has suggested a Canada Bond that matures on the 15th of December 2020. The bond has a coupon rate of 9.25% and a purchase price of $1155.60. Interest is paid June 15 and December 15. How much income can Janine expect per year from the bond? a) $46.25 b) $53.45 c) $92.50 d) $106.89

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