The face value of the bonds is 1000 how much interest must, Financial Management

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The face value of the bonds is 1000 how much interest must

ABC Consultants has some bonds outstanding, currently with 20 years remaining to maturity. The coupon rate is 8%, and the interest is paid monthly. The face value of the bonds is $1,000. How much interest must the firm pay on each outstanding bond each month?

Please explain.

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Financial Management: The face value of the bonds is 1000 how much interest must

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Financial Management: The face value of the bonds is 1000 how much interest must

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