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A 5-year coupon bond with principal amount of $1,000 and pays the interest payment once a year. This 5-year coupon bond comes with the annual
A 5-year coupon bond with principal amount of $1,000 and pays the interest payment once a year. This 5-year coupon bond comes with the annual coupon rate of 8.09% and the current market interest rate (yield to maturity) is 5.49%, compounded annually.
What is the annual interest payment for this coupon bond?
Please round your answer to the second decimal without a dollar sign. E.g. 1234.56
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