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Extra+Credit Finc+490+F18+ACT+2 (1) Compatibility Mode Layout References Mailings Review View Help Acrobat Tell me what you want to do I' h. Fish & Chips Inc.

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Extra+Credit Finc+490+F18+ACT+2 (1) Compatibility Mode Layout References Mailings Review View Help Acrobat Tell me what you want to do I' h. Fish & Chips Inc. has two bond issues outstanding, and both sell for $701.22. The first issue has an annual coupon rate of 8 percent and 20 years to maturity. The second has an identical yield to maturity as the first bond, but only 5 years remain until maturity. Both issues pay interest annually. What is the annual interest paymcht on the second issue? 2

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