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How do you solve this? A corporate bond has a 5.6% annual coupon rate. The bond has $1000 face value and is currently selling at

How do you solve this?

A corporate bond has a 5.6% annual coupon rate. The bond has $1000 face value and is currently selling at $1360. The annual coupon payment on this bond is

  • $64.9
  • $76.16
  • $56
  • $59.83

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