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This morning, Alicia bought a ten-year 7% coupon bond that pays interest semi-annually. She paid $994 for a $1,000 bond. If the market interest rate

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This morning, Alicia bought a ten-year 7% coupon bond that pays interest semi-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? Select one: O a. $70.00 b. $69.58 O c. $35.00 O d. $32.31 o e. $65.00

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