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If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, what is the size of the coupon payment? $1,000 $700 …

If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, what is the size of the coupon payment? $1,000 $700 …
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If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, what is the size of the coupon payment? $1,000 $700 $70 $7

User Andreas Hultgren
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I believe the answer is $700.
User Pheon
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