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A bond has a par value of $1,000, a current yield of 6.99 percent, and semiannual coupon payments. The bond is quoted at 102.34. What

A bond has a par value of $1,000, a current yield of 6.99 percent, and semiannual coupon payments. The bond is quoted at 102.34. What is the amount of each coupon payment?

$69.90
$40.24
$71.54
$35.77
$34.95

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