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A bond with 9% coupon rate has a yield to maturity of 12%, 28 years to maturity, a $1,000 par value, and pays interest semi-annually.

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A bond with 9% coupon rate has a yield to maturity of 12%, 28 years to maturity, a $1,000 par value, and pays interest semi-annually. What is the amount of each coupon payment? 1) $45 o 2) $60 3) $90 4) $120

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