Consider a bond that pays coupons semi-annually

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Consider a bond that pays coupons semi-annually. The bond has a face value of $1,000 and will mature 10 years from now. The current price of the bond is $960.09, and its yield to maturity is 4.5% per year compounded semi-annually. Calculate the amount of coupon payments per period for this bond. Show your calculation.

Reference no: EM131347596

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