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A bond with 7.5 coupon rate has a yield to maturity of 8%, 25 years to maturity, a $1,000 face value, and pays interest semi-annually.
A bond with 7.5 coupon rate has a yield to maturity of 8%, 25 years to maturity, a $1,000 face value, and pays interest semi-annually. What is the amount of each coupon payment?
a- $ 80.00
b- $ 75.00
c- $ 40.00
d- $ 37.50
a- $ 80.00
b- $ 75.00
c- $ 40.00
d- $ 37.50
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
