(Answered) Assume that three years ago you purchased a corporate bond

Finance

Assume that three years ago you purchased a corporate bond that pays 8.0 percent. The purchase price was $1110.

What is the annual dollar amount of interest that you receive from your bond investment?

(Round your answer to the nearest whole dollar amount. Do not include the comma, period, and "tiny_mce_markerquot; sign in your response.)

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