Question: You purchase 4 , 5 0 0 bonds with a par value of $ 1 , 0 0 0 for $ 9 8 1 each.
You purchase bonds with a par value of $ for $ each. The bonds have a coupon rate of percent paid semiannually and mature in years. How much will you receive on the next coupon date? How much will you receive when the bonds mature? Note: Do not round intermediate calculations. Round your answers to the nearest whole number.
Answer is complete but not entirely correct.
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