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Posted on Sep 11, 2024

Consider a 1 0 - year seminannual coupon bond with a price of $ 1 0 0 0 and a YTM of 1 2 .

Consider a

10 -

year seminannual coupon bond with a price of $

1000

and a YTM of

12.49 % .

What is the dollar amount of each coupon the bond promises to pay? Round your answer to the nearest penny and do not include a dollar sign.

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