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Business, 08.07.2021 21:10 arianawelsh123l

Richard takes the opinion of his investment advisor to invest any excess savings that he has. His advisor told him about a new issue of AAA rated bonds. Richard decided to buy a total of 100 bonds from this issue. The issuing company will be making the coupon payments of $1,000 every six months. The initial investment and the subsequent receipt of coupon payments can be referred to as and respectively. a. lump sum payment; uneven cash flows
b. lump sum payment; ordinary annuity
c. uneven cash flows; lump sum payment
d. lump sum payment; annuity due

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