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Consider a 20-year bond with a face value of $ 1,000 that has a coupon rate of 5.5 %, with semiannual payments. a. What is

Consider a 20-year bond with a face value of $ 1,000 that has a coupon rate of 5.5 %, with semiannual payments.

a. What is the coupon payment for this bond?

b. Draw the cash flows for the bond on a timeline. a. What is the coupon payment for this bond? The coupon payment for this bond is $ ______. (Round to the nearest cent.)

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