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The 7.2 percent bond of Blackford, Inc. has a yield to maturity of 7.3 percent. The bond matures in seven years, has a face value of $1,000, and pays semiannual interest payments. What is the amount of each coupon payment?

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Based on the coupon interest payable on this bond of 7.2%, the coupon payment will be $36.

What are the coupon payments?

The bond pays semiannual interest payments which means that coupons are paid twice a year.

The coupon payment is:

= Face value of bond x Coupon rate / 2 semi annual periods per year

Solving gives:

= 1,000 x 7.2%/2

= $36

Find out more on coupon payments at https://brainly.com/question/26639808.

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