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A person buys a newly issued bond that matures in 10 years with a face value of $10,000 and a coupon ...

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A person buys a newly issued bond that matures in 10 years with a face value of $10,000 and a coupon ...

A person buys a newly issued bond that matures in 10 years with a face value of $10,000 and a coupon rate of 4%. How much money will the bondholder receive in the tenth year?

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$10,040.

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$10,400.

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$10,000.

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$40.

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$400.

Textbook

Economics

Edition: 12^th

Author: Arnold

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