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Use the following to answer questions
Figure: Determining Surplus 3 Use the following to answer questions  Figure: Determining Surplus 3   -(Figure: Determining Surplus 3) In the graph,how much is consumer surplus? A)  $6 B)  $14 C)  $20 D)  $60
-(Figure: Determining Surplus 3) In the graph,how much is consumer surplus?


Definitions:

Semiannually

Happening biannually or once every six months.

Par Value

A nominal value assigned to a security by the issuer, which represents its legal capital.

Current Price

Current price typically refers to the present market price of a stock, bond, commodity, or any other financial asset, reflecting its worth based on supply and demand dynamics.

Coupon Rate

The yearly interest rate a bond yields, represented as a percentage of its par value.

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