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QUESTION ANSWER LCB Inc. has a 6% 20-year maturity $1,000 par value bond that currently has a yield to maturity of 7.5%. How much does

QUESTION ANSWER LCB Inc. has a 6% 20-year maturity $1,000 par value bond that currently has a yield to maturity of 7.5%. How much does LCB pay in annual interest on one of these bonds? 0% $75.00 $16.67 60.00

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