Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 8 years, the coupon rate is 14% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 8 years, the coupon rate is 14% paid annually, and the discount rate is 15%. What is this bond's coupon payment? Enter your answer in dollars, rounded to the nearest cent ( 2 decimals)

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