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  3. consider a 15-year bond with a face value of $1,00

Consider a 15-year bond with a face value of $1,000 that has a coupon rate...

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Question

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.)

Answer & Explanation Solved by verified expert
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