Amount of each coupon payment
Problem:
A treasury bond has a par value of $1,000, a current yield of 7.5 percent, and semiannual interest payments. The bond quote is 98.6.
Required:
Question 1: What is the amount of each coupon payment?
Note: Provide support for your rationale.
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What is the amount of each coupon payment? Note: Provide support for your rationale.
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