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QUESTION
A $100,000 bond bears an interest rate of 6%. The bond was issued at a price of $95,000. The actual amount of interest that the bondholder would...
A $100,000 bond bears an interest rate of 6%. The bond was issued at a price of $95,000. The actual amount of interest that the bondholder would receive each year is:
Select one:
a. $5,000
b. $5,700
c. $6,000
d. $3,000
