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Yumtum Ltd has a 4-year bond outstanding that pays a 6% coupon rate, paid quarterly. Investors require an 8% return. What is the coupon payment

Yumtum Ltd has a 4-year bond outstanding that pays a 6% coupon rate, paid quarterly. Investors require an 8% return. What is the coupon payment (C) per $1000 of face value?

A. $60

B. $15

C. $80

D. $20

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