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What is the annual coupon payment for a bond (par value or face value of $1,000) with five years until maturity, a price of $1,000,

What is the annual coupon payment for a bond (par value or face value of $1,000) with five years until maturity, a price of $1,000, and a discount rate ( interest rate) of 8% ? a. $60 b. $70 C. $80 d. $90 e. None of the above

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