A bond has a par value of $1,000, a current yield of 6.25 percent, and semiannual interest payments. The bond quote is 100.8. What is the amount of each coupon payment?

A. $63.00
B. $31.50
C. $37.50
D. $62.50
E. $31.25

Answer: B. $31.50

Business

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Fill in the blank(s) with the appropriate word(s).

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