A bond has a par value of 100 and a coupon rate of 5%. Coupon payments are
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A bond has a par value of £100 and a coupon rate of 5%. Coupon payments are made semi-annually. The periodic interest payment is:
A. £2.50, paid twice a year.
B. £5.00, paid once a year.
C. £5.00, paid twice a year.
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