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19-02-2017
Mathematics

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

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TranscendPeaceLove TranscendPeaceLove

19-02-2017

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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