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A $1,000 face value bond is currently selling for $800 (the current Price is $800). The required rate is 6% and it has 20 years
A $1,000 face value bond is currently selling for $800 (the current Price is $800). The required rate is 6% and it has 20 years to maturity. It pays an annual coupon. What is the coupon payment in dollars (enter your answer as a positive number)? Please show excel calculations.
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