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QUESTION

) A General Power bond carries a coupon rate of 8.

Hi I have 2 Questions I need help on.

Chapter 5 - Hello I need help with the following 4 questions on Business Finance. 

Q1.) A General Power bond carries a coupon rate of 8.7%, has 9 years until maturity, and sells at a yield to maturity of 7.7%. (Assume annual interest payments.)

a. What interest payments do bondholders receive each year?

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