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Consider a 30-year bond with a face value of $1,000that has a coupon rate of 5.8%, with semiannual payments. a. What is the coupon payment

Consider a 30-year bond with a face value of $1,000that has a coupon rate of 5.8%, 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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