Question: Fish & Chips Inc. has two bond issue outstanding, and both sell for $701.22. the face value of each bond is $1,000. The first issue

Fish & Chips Inc. has two bond issue outstanding, and both sell for $701.22. the face value of each bond is $1,000. The first issue has a coupon rate of 8 percent and 20 years to maturity The second has an identical yield to maturity the first bond, but only 5 years until maturity. Both issues pay interest annually. What is the annual interest payment on the second issue? $120.00 $37.12 $56.42 $11.16 $29.68

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