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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 19 years, the coupon rate is 9% paid
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 19 years, the coupon rate is 9% paid annually, and the discount rate is 4%. What is this bond's coupon payment? Enter your answer in dollars, rounded to the nearest cent (2 decimals).
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