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Consider a corporate bond with a 4.4% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (TM) of 3.7%. It matures

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Consider a corporate bond with a 4.4% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (TM) of 3.7%. It matures in exactly 8 years. 1) What is the amount of each coupon payment? [Your answer should be ROUNDED TO THE NEAREST DOLLAR, expressed in dollars only (eg 234) with no cents, and no commas!] Coupon Payment = $ 2) What is the current market price of this bond? [Your final answer should be ROUNDED TO THE NEAREST DOLLAR, expressed in dollars only (eg 234) with no cents, and no commas!] Market Prices [IMPORTANT: keep as many decimals as possible for ALL intermediate steps to ensure that your final answer is correct]

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