Question: 7. Fran is evaluating ATT Ltd. bonds using the following information: ( $ 25000 ) par value, maturity December 22 , 2023 , semi-annual coupon

 7. Fran is evaluating ATT Ltd. bonds using the following information:

7. Fran is evaluating ATT Ltd. bonds using the following information: \\( \\$ 25000 \\) par value, maturity December 22 , 2023 , semi-annual coupon 7.75 percent, price \\( \\$ 105.50 \\), and yield 7.4 percent. How much interest would this bond pay Fran on an annual basis

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