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A $5600 bond bearing interest at 5.1% payable semi-annually is due in 7 years. Money...

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Finance

A $5600 bond bearing interest at 5.1% payable semi-annually is due in 7 years. Money is worth 6.4% compounded semi-annually.

What is the size of the coupon?

$179.20

$358.40

$285.60

$142.80

Answer & Explanation Solved by verified expert
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