Question: A $1,000 par value bond with a fixed 11% rate of interest pays coupons semiannually. What amount will the bondholder receive on the bond's maturity

A $1,000 par value bond with a fixed 11% rate of interest pays coupons semiannually. What amount will the bondholder receive on the bond's maturity date? (multiple choice)

1) $50

2) $55

3) $500

4) $1,000

5) $1,050

6) $1,055

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