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What is the amount of each interest payment on 8

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What is the amount of each interest payment on 8.5 percent, semiannual coupon bond if the face value of the bond is $1000?

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Amount of Semi-Annual Interest Payment = Face Value*1/2*Coupon Rate

here,

Face value= 1000

Coupon rate= 8.5%

Put the value in the formula;

= 1000* 8.5%* 1/2

= $42.5

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