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Several years ago, Maya paid $1,000 for a corporate bond with an 8.5% coupon. The coupon on comparable newly issued bonds is currently 5.0%. The
Several years ago, Maya paid $1,000 for a corporate bond with an 8.5% coupon. The coupon on comparable newly issued bonds is currently 5.0%. The amount of each interest payment that Maya collects is closest to:
- $85.00. A.
$42.50.
- B.
$50.00. .
- C.
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