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Vancouver offered 20 year bonds to fund polar bear riding lessons for every resident. You purchased 484 bonds. The bonds had a par value of

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Vancouver offered 20 year bonds to fund polar bear riding lessons for every resident. You purchased 484 bonds. The bonds had a par value of $1409 each. The bonds carry an annual coupon rate of 6% payable semiannually. For your first coupon interest payment from all these bonds, how much money will you receive

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