Question: A 4% coupon bond with $100 face value has a yield to maturity of 3%, and will mature in 8 years. What is the semiannual

A 4% coupon bond with $100 face value has a yield

A 4% coupon bond with $100 face value has a yield to maturity of 3%, and will mature in 8 years. What is the semiannual coupon payment for this bond? \begin{tabular}{l} \hline 1.50 \\ $3.00 \\ $5.00 \\ $4.00 \\ $2.00 \end{tabular}

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