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What is the cash flow of a 10-year bond that pays coupon interest semiannually, has a coupon rate of 7%, and has a par value
What is the cash flow of a 10-year bond that pays coupon interest semiannually, has a coupon rate of 7%, and has a par value of $100,000 at the end of year 6?
a)$100,000
b)$103,500
c)$7,000
d)$3,500
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