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How much will each semiannual coupon payment be

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Problem 1: The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 3% and that the coupon payments are to be made semiannually. How much will each semiannual coupon payment be?

Reference no: EM132841430

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