Determine amount of each coupon payment, Finance Basics

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Determine amount of each coupon payment

Question: A bond has a par value of 1000 dollar, a current yield of 6.452%, annual interest payments, and eight years to maturity. The bond quote is 92.976. Determine the amount of each coupon payment?

[A] $60.00

[B] $62.50

[C] $64.53

[D] $30.00

[E] $32.27

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Finance Basics: Determine amount of each coupon payment

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Finance Basics: Determine amount of each coupon payment

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