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14 October, 13:55

If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is

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  1. 14 October, 14:25
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    The coupon payment $650 every year. To find this answer, multiply $5,000 by 0.13 (the decimal form of 13%). You will get $650.
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