1. Han Corporation issues a bond which has a coupon rate of 8.6%, a yield to maturity of 10.4%, a face value of $1,000, and a market price of $990. What is the semiannual interest payment? Round to two decimal places.
   1. Describe and interpret the assumptions related to the problem.
   2. Apply the appropriate mathematical model to solve the problem.
   3. Calculate the correct solution to the problem