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A $1200 bond bearing interest at 3.5% payable semi-annually is due in 14 years. Money is worth 5.7% compounded semi-annually. What is the size of
A $1200 bond bearing interest at 3.5% payable semi-annually is due in 14 years. Money is worth 5.7% compounded semi-annually.
What is the size of the coupon?
What is the number of coupon payments?
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