What is the dollar amount of the first coupon payment

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Problem 1: Beatrix just bought a 1000 par value bond. The bond has a coupon rate of 7.5% semi annual payments and the yield to maturity on the bond is 9.0%. What is the dollar amount of the first coupon payment that Beatrix will receive?

1) $42.50

2) $ 45.00

3) $ 30.00

4) $ 40.00

5) $37.50

Reference no: EM132807859

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