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Milton Company has a bond that will mature in 12 years and it is currently selling for $940. The face value of the bond is

Milton Company has a bond that will mature in 12 years and it is currently selling for $940. The face value of the bond is $1,000. The yield to maturity is 6 percent. What is the annual coupon payment for this bond?

A. $45.0

B. $48.6

C. $52.8

D. $53.9

E. $54.7

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