Consider a

30-year

bond with a face value of

$1,000

that has a coupon rate of

5.6%,

with semiannual 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.)