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Beatrix just bought a $1000 par value bond. The bond has a coupon rate of 8.5% (semi-annual payments) and the yield to maturity on the
Beatrix just bought a $1000 par value bond. The bond has a coupon rate of 8.5% (semi-annual payments) and the yield to maturity on the bond is 9.0%. What is the dollar amount of the first coupon payment that Beatrix will receive? 1) $37.50 2) $30.00 3) $45.00 4) $40.00 5) $42.50
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