Question: A fixed coupon bond with a $1,000 face value and 12 years of maturity is currently trading at 902.50 with a yield to maturity of

A fixed coupon bond with a $1,000 face value and 12 years of maturity is currently trading at 902.50 with a yield to maturity of 5%. Based on these metrics, what is the annual coupon payments for this bond?

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