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A 7 . 7 0 percent bond has a yield to maturity of 9 . 3 8 percent, 6 years to maturity, a face value

A 7.70 percent bond has a yield to maturity of 9.38 percent, 6 years to maturity, a face value of $2,500, and semiannual interest payments. What is the amount of each coupon payment?
Answer Tolerance: \pm $ 0.55

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