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5 A bond has a par value of $ 1 , 0 0 0 , a current yield of 6 . 5 7 percent, and

5

A bond has a par value of $

1, 000,

a current yield of

6.57

percent, and semiannual coupon payments. The bond is quoted at

96.88 .

What is the amount of each coupon payment?

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