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Incorrect Question 16 0/2 pts You purchased a $1,000 bond for $935. The coupon rate...

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Incorrect Question 16 0/2 pts You purchased a $1,000 bond for $935. The coupon rate of interest is 7.5 percent, and the bond matures in 12 years. What is your current yield on this bond? 7.88 percent 9.35 percent 8.38 percent 8.02 percent 7.5 percent Incorrect Question 3 0/2 pts Which of the following is characteristic of term life insurance? Has premiums that decrease over one's lifetime Costs more than other types of life insurance Provides no investment features The policyholder can cancel the policy and receive the cash value Pays benefits to the insured when the insured reaches age 65 Incorrect Question 24 0/2 pts If the Social Security tax rate is 7.65 percent, how much total Social Security tax would be paid by an employee (earning $50,000) and his or her employer? $15,300 $7,650 $4,797 $3,825 $6,200

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