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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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