Coupon with semiannual payments

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Reference no: EM131082830

Which of the following is correct for a bond priced at $1,200 that has 8 years remaining until maturity, and a 10% coupon with semiannual payments?

A. Each payment of interest equals $50.

B. Each payment of interest equals $60.

C. Each payment of interest equals $100.

D. Each payment of interest equals $120.

Reference no: EM131082830

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