A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual...

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A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual...

A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual coupon payments. The bond is quoted at 101.56. What is the amount of each coupon payment?

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Answer 1

Answer #1

Market Price 1000 101.56% $ 1,015.60 Annual Coupon Market Price*Current Yield 1015.60*6.93% $ 70.38 Semi Annual Coupon = Annu

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Answer 2

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Add Answer to: A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual...

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A bond has a par value of $1,000, a current yield of 6.93 percent, and semiannual...