What is the semiannual interest payment mr clark w griswold


Mr. Clark W. Griswold owns a municipal bond with a par value of $1000. The coupon rate is 6% and the current market interest rate on similar investments is 4%. What is the semiannual interest payment Mr. Clark W. Griswold receives from this bond?

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Financial Management: What is the semiannual interest payment mr clark w griswold
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