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King Ltd issues a 5-year bond with a face value of $1000 that pays a 7% coupon, paid semi-annually. Investors require a 7.5% return. What

King Ltd issues a 5-year bond with a face value of $1000 that pays a 7% coupon, paid semi-annually. Investors require a 7.5% return. What is the coupon payment (C) of the bond?

$35

$37.50

$70

$75

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