A 3-year bond pays level semi-annual coupons and is bought to yield j₂ = 15%.The interest portion of the first coupon is $57.40.The amount of the write-up in the book value of the bond at the time of the last coupon payment is $46.51.What is the coupon paid each period?

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The Answer of A 3-year bond pays level semi-annual coupons and is bought to yield j₂ = 15%.The interest portion of the first coupon is $57.40.The amount of the write-up in the book value of the bond at the time of the last coupon payment is $46.51.What is the coupon paid each period?

A 3-Year Bond Pays Level Semi-Annual Coupons and Is Bought