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Consider a 10 -year bond with a face value of $1,000 that has a coupon rate of 5.4%, with semiannual payments. a. What is the

Consider a 10 -year bond with a face value of $1,000 that has a coupon rate of 5.4%, with semiannual payments.

a. What is the coupon payment for this bond? (Round to the nearest cent.)

b. Draw the cash flows for the bond on a timeline.

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