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You just purchased a high-grade corporate bond with a face value of $1000. The coupon rate...

You just purchased a high-grade corporate bond with a face value of $1000. The coupon rate is 3%. How much to you expect to be paid in coupon payments over the next year?

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Answer #1
Coupon Payment = Face Value * Coupon rate
= $ 1,000.00 * 3%
= $       30.00
So,
Expected coupon payment for the next year will be $ 30.00
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