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What the value of the coupon payment

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Question - Macquarie Bank 7% coupon bonds are trading at a yield of 6% and have 3 years until maturity with a $100 face value. Coupons are paid semi-annually. What the value of the coupon payment?

a. $7.00

b. $12.00

c. $6.00

d. $3.50

Reference no: EM133034583

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