Municipal bonds with par value

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Reference no: EM13917844

Tarea purchased 55 municipal bonds with a par value of $100 each and a coupon rate of 5.5% with a maturation date of 2023. The municipal bond coupons payout semi annually, what interest payment should Tarea expects to receive every 6 months for the next 15 years?

Reference no: EM13917844

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