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Posted on May 18, 2024

As with most bonds, consider a bond with a face value of $ 1 , 0 0 0 . The bond's maturity is 2 6

As with most bonds, consider a bond with a face value of $

1, 000 .

The bond's maturity is

26

years, the coupon rate is

5 %

paid annually, and the discount rate is

17 % .

What is this bond's coupon payment?

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