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A 15-year bond with a face value of $1,000 has a coupon rate of 6.00%, with semiannual payments. a. What is the coupon paymen

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Answer #1

Coupon Payment = Face Value*Coupon rate*1/2 1000*6%*1/2 $ 30.00 CF1CF2CF29 $ 30.00 $ 30.00 $ 30.00 CF30 $1,030.00

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Answer #2

1,000+30= 1,030

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