Consider a

10

-year

Government of Canada bond with a face value of

$ 1 comma 000

that has a coupon rate of

5.6 %

,

with semi-annual payments.

a. What is the coupon payment for this bond?

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

Question content area bottom

Part 1

a. What is the coupon payment for this bond?

The coupon payment for this bond is

$enter your response here

.

(Round to the nearest cent.)

Part 2

b.

Draw the cash flows for the bond on a timeline.

Select the timeline below that shows the correct cash flows for this bond.