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QUESTION 4 Take a look at the Interest on a Bond more closely When we talk about bonds, we use a specific vocabulary term to
QUESTION 4 Take a look at the Interest on a Bond more closely When we talk about bonds, we use a specific vocabulary term to talk about the interest payment. This is called a "coupon" Watch this Concept Clip about Coupon Payments and Rates (Coupon Concept Clip Link) Provide your answer below to the following question: o You are evaluating a bond contract with an annual coupon rate of 14.4% on 1000 face value. What is the coupon payment that the bond will pay each year? (answer to two decimals)
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