Question
Calculate the annual coupon payment if the semi-annual coupon paying bond price is $972, the yield for the bond is 9%, the bond's face value
Calculate the annual coupon payment if the semi-annual coupon paying bond price is $972, the yield for the bond is 9%, the bond's face value is $1,000 and matures in 14 years.
(Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
