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Modern Fashion Inc. has issued a bond with par value of $1,000, a coupon rate of 10% that is paid semi-annually, and that matures in

Modern Fashion Inc. has issued a bond with par value of $1,000, a coupon rate of 10% that is paid semi-annually, and that matures in 10 years. The required return is 6%. What is the semi-annual coupon payment?

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