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Coupon Payment Assignment | Homework For You

Author:
June 2nd, 2020

A bond has a par value of $1,000, a current yield of 7.606 percent, and semi-annual interest payments. The bond quote is $986. What is the amount of each coupon payment?Homework For You

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Question 4 options:

1) $32.50
2) $37.50
3) $38.03
4) $72.31
5) $75.00

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