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How big are the coupon payments

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Reference no: EM133053131

Question - If a bond makes a face value payment of $1,000 and the annual coupon rate is 8%, how big are the coupon payments if the bond pays them semi-annually (every 6 months)?

a) 40

b) none of the above

c) 80

d) 8

Reference no: EM133053131

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