Coupon Payment the Bond Pays Assignment | Homework For You

Briggs Corporate issued a 20 year, 8.25% semi-annual coupon bond. This bond has a face value of $1,000 and currently sells in the market at the price of $928.69. Its YTM is 9.00%What coupon payment does this bond pay every 6 months?

(a)$39.469

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(b)$45.000

(c)$20.625

(d)$41.250

(e)$41.791. Get Finance homework help today