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Suppose today, at time t, financial investors are offered two versions of a perpetual bond issued by Zorp Corp. The first version has a face

Suppose today, at time t, financial investors are offered two versions of a perpetual bond issued by Zorp Corp. The first version has a face value of $1000, a 5.4% coupon rate and sells for $750.00. The second version also has a face value of $1000 and it pays an annual coupon that does not start until 5 years after its purchase (i.e. the first coupon payment is 5 years into the future).If Zorp Corp. hopes to be able to sell both versions of these perpetual bonds and hope to raise the same amount for each bond type then the size of the annual coupon they need to pay on the second version is _______ dollars.

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