Question: Microsoft has a bond that was issued two years ago. It has a par value of $3,000, the coupon rate of 9%, paid semiannually ,

Microsoft has a bond that was issued two years ago. It has a par value of $3,000, the coupon rate of 9%, paid semiannually, and has 4 more years left until it matures. Its yield to maturity is 10%. What is the amount of each coupon payment?

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