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Questi 1 on 1 2 'm 3 On June 1st, 2020 Coca Cola (KO) issued bonds for one billion dollars. The bonds have a par
Questi 1 on 1 2 'm 3 On June 1st, 2020 Coca Cola (KO) issued bonds for one billion dollars. The bonds have a par value of $1,000, coupon rate of 2.75% payable semiannually, and 40 years maturity (maturity date: 6/1/2060). When the bonds were issued, investors paid $970 30 for each bond. What is this bond's semiannual coupon payment in dollars? ($33.66)
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