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A 10,000 par value bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%. Calculate the interest
A 10,000 par value bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%.
Calculate the interest portion of the 7th coupon. Possible answers are: 632, 651, 660, 642, or 667. Thanks!
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