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This morning, Alicia bought a ten - year 7 % coupon bond that pays interest annually. She paid $ 9 9 4 for a $

This morning, Alicia bought a ten-year 7% coupon bond that pays interest annually. She 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 Alicia receive for her first interest payment?Multiple Choice$70.00$65.00$32.31$69.58$35.0

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