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Macquarie Bank 7% coupon bonds are trading at a yield of 6% and have 3 years until maturity with a $100 face value. Coupons are

Macquarie Bank 7% coupon bonds are trading at a yield of 6% and have 3 years until maturity with a $100 face value. Coupons are paid semi-annually. Therefore the value of the coupon payment is:

Select one:

a. $7.00

b. $12.00

c. $6.00

d. $3.50

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