Amount of the annual coupon payment, Finance Basics

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Amount of the annual coupon payment

Problem:

What is the amount of the annual coupon payment for a bond that has 7 years until maturity, sells for $1,005, and has a yield to maturity of 9.28%? (Do not round intermediate calculations.)

$92.80
$100.00
$100.50
$93.80

Note: Please show how to work it out.

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Finance Basics: Amount of the annual coupon payment

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Finance Basics: Amount of the annual coupon payment

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Finance Basics: Amount of the annual coupon payment

Reference No:- TGS0881151

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