Which of the following is correct for a bond priced at 1200, Financial Management

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Which of the following is correct for a bond priced at 1200

Which of the following is correct for a bond priced at $1,200 that has 8 years remaining until maturity, and a 10% coupon with semiannual payments?

A. Each payment of interest equals $50.

B. Each payment of interest equals $60.

C. Each payment of interest equals $100.

D. Each payment of interest equals $120.

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Financial Management: Which of the following is correct for a bond priced at 1200

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Financial Management: Which of the following is correct for a bond priced at 1200

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