Consider a 15-year bond with a face value of $1,000 that has a coupon rate...
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Finance
Consider a
15-year
bond with a face value of
$1,000
that has a coupon rate of
5.1%,
with semiannual payments.
a. What is the coupon payment for this bond?
b. Draw the cash flows for the bond on a timeline.
a. What is the coupon payment for this bond?
The coupon payment for this bond is
$.
(Round to the nearest cent.)
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