Computation the amount of each coupon payment

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Reference no: EM1314398

A bond has a par value of $1000, a current yield of 6.452 percent, annual interest payments, and 8 years to maturity.
The bond quote is 92.976. What is the amount of each coupon payment?

a. $30.00
b. $32.27
c. $60.00
d. $62.50
e. $64.53

Reference no: EM1314398

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