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A bond has a par value of $1,000, a current yield of 6.48 percent, and semiannual coupon payments. The bond is quoted at 95.71. What
A bond has a par value of $1,000, a current yield of 6.48 percent, and semiannual coupon payments. The bond is quoted at 95.71. What is the amount of each coupon payment?
Multiple Choice
- $32.40
- $34.89
- $64.80
- $31.01
- $62.02
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