A 7 percent bond has a yield to maturity of 6.5 percent.The bond matures in seven years,has a face value of $1,000,and pays semiannual interest payments.What is the amount of each coupon payment?
A) $30.00
B) $35.00
C) $60.00
D) $65.00
E) $70.00
Correct Answer:
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