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The company today issues a 10-year $1,000 bond that has a 5.4% annual coupon rate (pays semiannual coupons). What is the total interest that the

The company today issues a 10-year $1,000 bond that has a 5.4% annual coupon rate (pays semiannual coupons). What is the total interest that the company expects to pay over the lifetime of the bond.

Select one:

a. $480

b. $704

c. $692

d. $813

e. $540

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