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Suppose the US government is issuing a $1,000 PAR value coupon bond today. This bond will mature in 20 years from today. The annual coupon
Suppose the US government is issuing a $1,000 PAR value coupon bond today. This bond will mature in 20 years from today.
The annual coupon rate of this bond is 8% and the coupons will be paid 2 times a year.
What will be the coupon payment each time it is paid?
Enter your answer in the following format: 12.34
Hint: Answer is between 35.2 and 46
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