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ABC Corporation issues a bond which has a coupon rate of 11.40%, a yield to maturity of 9.75%, a face value of $1,000, and a

  1. ABC Corporation issues a bond which has a coupon rate of 11.40%, a yield to maturity of 9.75%, a face value of $1,000, and a market price of $1,145. What is the annual interest payment? Round to two decimal places

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