A 10 year coupon bond with face value 1000 and yield to


A 10 year coupon bond with face value $1,000 and yield to maturity i = 0.05 sells for a price of $1,386.08. What is the value of the annual coupon payment? Round your answer to the nearest cent.

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Business Economics: A 10 year coupon bond with face value 1000 and yield to
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