What must be the dollar coupon amount

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Reference no: EM131998061

ABC Corp has bonds on the market with 7.5 years to maturity, a YTM of 8 percent, and a current price of $1,040. The face value is $1,000. The bonds make semi-annual (every six months) payments. What must be the dollar coupon amount every six-months for an ABC bond?

Reference no: EM131998061

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