Question: On January 1 , a 2 0 - year, $ 5 0 0 , 0 0 0 bond is issued with a coupon rate of

On January 1, a 20-year, $500,000 bond is issued with a coupon rate of 3%. Yield is 2%.
Interest payable each January 1.
On January 1, a 20-year, $500,000 bond is issued with a

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