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A firm plans to issue a perpetual callable bond with face value of $1,000. The current interest rate is 0.080. Next year, the interest rate

A firm plans to issue a perpetual callable bond with face value of $1,000. The current interest rate is 0.080. Next year, the interest rate will be 0.043 or 0.092 with equal probability. The bond is callable at $1,073. What is the coupon amount if the bond is priced to sell at par?

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