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Question 7 (1 point) This morning, Thomas bought a ten-year 8% coupon bond that pays interest annually. He paid $994 for a $1,000 bond. If

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Question 7 (1 point) This morning, Thomas bought a ten-year 8% coupon bond that pays interest annually. He paid $994 for a $1,000 bond. If the market interest rate on this type of bond declines to 6.5% tonight, how much will Thomas receive for his first coupon payment? $60.00 $69.58 $40.00 $70.00 $80.00

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