Question: Fran is evaluating ATT Ltd. bonds using the following information: $24,000 par value, maturity December 22, 2023, semi-annual coupon 7 percent, price $106.50, and yield

Fran is evaluating ATT Ltd. bonds using the following information: $24,000

Fran is evaluating ATT Ltd. bonds using the following information: $24,000 par value, maturity December 22, 2023, semi-annual coupon 7 percent, price $106.50, and yield 6.70 percent. How much interest would this bond pay Fran on an annual basis? This bond would pay Fran $ (Round to the nearest cent.) in interest on an annual basis

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