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Suppose a 10-year bond with a face value of 1000 has a coupon rate of 0.033, with semiannual payments. What is the coupon payment for
Suppose a 10-year bond with a face value of 1000 has a coupon rate of 0.033, with semiannual payments. What is the coupon payment for this bond per 6-month period?
Instruction: TypeONLYyour numerical answerin the unit of dollars,NO $ sign, NO comma, andround to the nearest whole number. E.g., if your answer is $7,001.56, should typeONLYthe number 7002, NEITHER 7,001.6,$7001.6,$7,001.6, NOR 7001.56.Otherwise, Blackboard will treat it as a wrong answer.
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