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To raise capital for building a new store in Central Pennsylvania, Trader Joe's issues 10-year $1,000 bond with a 7% coupon rate. Interest on the

To raise capital for building a new store in Central Pennsylvania, Trader Joe's issues 10-year $1,000 bond with a 7% coupon rate. Interest on the bond is paid quarterly. Calculate the total interest that will be paid over the life of the bond.

can you explain each part so I understand cpmletely.

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