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Assume You Bought a $1000 Par Value Corporation Bond in 2009

question 109

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Assume you bought a $1000 par value corporation bond in 2009 for 75 1/4 with an interest rate of 7.5%. If you held the bond until maturity in 2019, what would be the total amount that you earned on this bond?
$1000.00
$750
$779.50
$887.50
$997.50

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Definitions:

Paralegals

Professionals in the legal field who assist attorneys in case preparation, research, and document management but are not licensed to practice law.

Jurors' Reactions

The responses or behaviors of jury members during a trial, which can influence the trial's outcome.

Civil Litigation

A legal process in which private parties may sue each other for actual damages or for equitable remedies, as opposed to criminal prosecution.

Out of Court

Situations or agreements that occur or are made outside the formal litigation process, not under the direct supervision of a court.

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