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BaltimoreSun.com issued a par bond, i.e, its current market price is $1,000. The bond has 12 years left to maturity. And its yield to maturity

BaltimoreSun.com issued a par bond, i.e, its current market price is $1,000. The bond has 12 years left to maturity. And its yield to maturity is 8.5%. What is the bond's annual amount of coupon payment?

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