What is the annual interest payment on the bond

Reference no: EM131965064

Question: The current price of a 10- year, $1,000 par value bond is $1,158.91 Interet on this bond is paid every six months, and the nominal annual yield is 14 percent. Given these facts,

1. What is the annual interest payment on this bond ?

2. What is the coupon rate on this bond?

Reference no: EM131965064

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