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William owns 12 22-year corporate bonds, each with a face value of $1000. If the bonds pay an interest rate of 6.5%, how much total

William owns 12 22-year corporate bonds, each with a face value of $1000. If the bonds pay an interest rate of 6.5%, how much total interest will William earn before taxes in one year on this investment? a. $65

b. $83

c. $390

d. $780

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