Bond coupon payment


Question: Fish & Chips Inc. has two bond issues outstanding, and both sell for 701.22 dollar.  The first issue has a yearly coupon rate of 8% and 20 years to maturity. The second has an identical yield to maturity as the first bond, but only five years until maturity. Both issues pay interest yearly. Calculate the annual interest payment on the 2nd issue?

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Finance Basics: Bond coupon payment
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