The 6.5 percent bond of ABCO has a yield to maturity of 6.82 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) $32.50
C) $68.20
D) $34.10
E) $65.00
Correct Answer:
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