crystalemily8768 crystalemily8768

15-05-2023
Business

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Elizabeth Cherry has a bond that has 10 years to maturity, a face value of $1,000, an 7.5% interest rate, and a market price of $1,450. What is the dollar amount of annual interest on this bond?
a. $65
b. $30
c. $55
d. $75
e. $150

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