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You have just purchased a regular bond. The bond has 40 years to maturity and a face value of $600,000. The coupon rate is 8.00%.

You have just purchased a regular bond. The bond has 40 years to maturity and a face value of $600,000. The coupon rate is 8.00%. Coupons are paid semi-annually. What is the amount of the coupon payment?

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