Question: 2. A 10,000 par value 10 year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%.

2. A 10,000 par value 10 year bond with 8% annual

2. A 10,000 par value 10 year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%. Calculate the interest portion of the 7th coupon. (641.58)

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