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A bond issued by Horizon Capital is currently trading at 96.8% of its $1,000 fac...
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A bond issued by Horizon Capital is currently trading at 96.8% of its $1,000 face value. The bond matures in 9 years and has a yield of 7.6%. The bond will be repaid at par. Based on this information, what is the bond’s annual coupon payment? The answer is closest to:
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100%
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