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What is the total amount of interest payment

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Question - Assume that a firm issues a par bond of $1,000,000 on January 1, 2015, due in five years. The bond has a 10% coupon rate paid semi-annually. What is the total amount of interest payment associated with this bond in year 2018?

a. $100,000

b. $50,000

c. $300,000

d. $200,000

Reference no: EM133115378

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