Question: A 1000 par value 20 year bond with 8 % annual coupons is bought atr a premium to yiedl an annual effective rate of 3%.

A 1000 par value 20 year bond with 8 % annual coupons is bought atr a premium to yiedl an annual effective rate of 3%. Calculate the interest portion of the 7th coupon.

35.48

46.94

54.77

62.18

73.75

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