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Q 3 . A company has issued a bond with a face value of $ 1 0 0 0 , a coupon rate of 5

3 .

A company has issued a bond with a face value of $

1000,

a coupon rate of

5 %,

and a maturity of

10

years. The bond pays a semiannual coupon. Calculate the semiannual coupon payment a bondholder will receive.

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