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Consider a corporate bond with a 7.4% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (YTM) of 5.3%. It matures

Consider a corporate bond with a 7.4% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (YTM) of 5.3%. It matures in exactly 5 years.

1) What is the amount of each coupon payment?

2) What is the current market price of this bond?

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