Question: Fran is evaluating ATT Ltd. Bonds using the following information: $25 000 par value, maturity Dec 22, 2023, semi-annual coupon 7.75 percent, price $105.50, and

Fran is evaluating ATT Ltd. Bonds using the following information: $25 000 par value, maturity Dec 22, 2023, semi-annual coupon 7.75 percent, price $105.50, and yield 7.4 percent. How much interest would this bond pay Fran on an annual basis?

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