Question: Use this information for problems 8-12. Five years ago, Stevie Co., issued bonds with a 25-year maturity with a coupon rate of 6.8%The bonds make
Use this information for problems 8-12. Five years ago, Stevie Co., issued bonds with a 25-year maturity with a coupon rate of 6.8%The bonds make semiannual payments, and the yield-to-maturity is 7.3%. What is the coupon payment per period for these bonds? (Round to two decimal places, do not include dollar sign.)
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