Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 4 years, the coupon rate is 5% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 4 years, the coupon rate is 5% paid annually, and the discount rate is 6%.

What is this bond's coupon payment?

Enter your answer in dollars, rounded to the nearest cent (2 decimals).

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