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You own a corporate bond that has 2 6 years remaining until maturity. This bond has a par value of $ 1 0 0 ,
You own a corporate bond that has years remaining until maturity. This bond has a par value of $ a coupon rate of and the bond makes coupon payments on an annual basis just one coupon payment per year Since you bought this bond interest rates have dropped to only so they yield to maturity for this bond is now
What is the annual coupon payment for this bond?
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