Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 21 years, the coupon rate is 7% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 21 years, the coupon rate is 7% paid annually, and the discount rate is 11%.

What is this bond's coupon payment?

Enter your answer in terms of dollars (without decimals), and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 128

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