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If a 1,000 par bond pays 6% annually in two equal instalments, each payment is:
A12
B30
C60
D15
Answer & Solution
Correct answer: B. 30
1. The annual coupon is 60.
2. Two equal payments split it.
3. Each payment is 30.
_Source: OpenStax Principles of Finance 2e, Chapter 10, Bonds and Bond Valuation._
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