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(1 point) A 7-year bond with a face value of 5000 dollars is redeemable at par and earns interest at 9.1 percent convertible

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Answer #1

Answer:

Interest rate =9.1% annually
All interest or coupons are paid semi annually
Each coupon value = 9.1% * 5000/2 = 227.5
Hence $227.50 is paid as coupon in every 6 month
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