A firm has bonds on the market with 13 years to maturity, a YTM of...
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Finance
A firm has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $1,000. The bonds make semiannual payments and have a face value of $1,000. What is the dollar value of each coupon? Please show your work.
A) $76
B) $98.8
C) $38
D) $130
E) $100
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