What Is the Amount of the Annual Coupon Payment for a Bond

question 9

Multiple Choice

What is the amount of the annual coupon payment for a bond that has 6 years until maturity,sells for $1,050,and has a yield to maturity of 9.37%?

• A) $98.64
• B) $95.27
• C) $101.38
• D) $104.97

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Definitions:

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FMVSS 121 Redundancy

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