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A bond has a par value of $1,000, a current yield of 6.87 percent, and semiannual coupon payments. The bond is quoted at 100.78. What
A bond has a par value of $1,000, a current yield of 6.87 percent, and semiannual coupon payments. The bond is quoted at 100.78. What is the amount of each coupon payment?
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
