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Assume that you purchased a corporate bond with face value $1,000. The interest rate is 5 percent. What is the dollar amount of annual interest you will receive each year?
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Updated 10/8/2011 11:27:17 AM
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$50 is the dollar amount of annual interest you will receive each year if you purchased a corporate bond with face value $1,000 and the interest rate is 5 percent.
Added 10/8/2011 11:27:17 AM
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