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Libertys outstanding bullet bond will mature in 2035 and carries a coupon rate of 2.8%/year payable semi-annually. How much is each coupon payment? Given a

Libertys outstanding bullet bond will mature in 2035 and carries a coupon rate of 2.8%/year payable semi-annually.
1. How much is each coupon payment?
2. Given a current market price of 101.3, is the market rate > or < 2.8%?

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