Question: Check Point Inc. has two bond issues outstanding, and both sell for $701.22. The first issue has an annual coupon rate of 8% and 20

Check Point Inc. has two bond issues outstanding, and both sell

Check Point Inc. has two bond issues outstanding, and both sell for $701.22. The first issue has an annual coupon rate of 8% and 20 years to maturity. The second bond has an identical yield to maturity as the first bond, but only 5 years until maturity. Both bonds pay interest annually with par value of $1,000. What is the annual interest payment on the second bond? O $11.16 O $37.12 O O $120.00 O O $56.42 O $29.68

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