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The Sisyphean Company has a bond outstanding with a face value of $1000 and maturity in 15 years. The bond certificate indicates that the
The Sisyphean Company has a bond outstanding with a face value of $1000 and maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 5% and that the coupon payments are to be made semiannually. The yield to matury is 8%. How much will each semiannual coupon payment be? The semiannual coupon payment is $ (round to the dollar)
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
