The 7.2 percent bond of Blackford, Incorporated, has a yield to maturity of 7.3 percent. The bond matures in seven years, has a face value
The 7.2 percent bond of Blackford, Incorporated, has a yield to maturity of 7.3 percent. The bond matures in seven years, has a face value of $1,000, and pays semiannual interest payments. What is the amount of each coupon payment?
Multiple Choice
$34.10
$36.00
$65.00
$72.00
$30.00
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Authors: Alexander Lipton, Andrew Rennie
1st Edition
0199546789, 978-0199546787
