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What periodic interest payment does hudson make

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Reference no: EM133053509

Question - Hudson Corp. sells $450,000 of bonds to private investors. The bonds have a 7% coupon rate and interest is paid semiannually. The bonds were sold to yield 10%. What periodic interest payment does Hudson make to its investors?

a. $22,500

b. $15,750

c. $31.500

d. $45,000

e. None of these are correct.

Reference no: EM133053509

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