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A $2500, 5.1% bond with semi-annual coupons redeemable at par in 6 years was purchased...

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Finance

A $2500, 5.1% bond with semi-annual coupons redeemable at par in 6 years was purchased at 102.3.

What is the average income per interest payment interval?

$57.50

$61.35

$68.54

$58.96

Answer & Explanation Solved by verified expert
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