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The ABC company has a series of bonds outstanding that have a 5-year term to maturity and a 5.5% Yield-to-Maturity. The price of the bonds
The ABC company has a series of bonds outstanding that have a 5-year term to maturity and a
5.5% Yield-to-Maturity. The price of the bonds are $971 and they pay a coupon semi-annually.
How much is the bond's semi-annual coupon payment?
A) $24.14
B) $25.25
C) $48.28
D) $97.1
E) None of the above.
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