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what is the coupon payment of a 20-year $1,000 bond with a 7% coupon rate with semi-annual payment? 1. $35 2.$70 3.$350 4.$750

what is the coupon payment of a 20-year $1,000 bond with a 7% coupon rate with semi-annual payment?

1. $35

2.$70

3.$350

4.$750

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