(Answered) Alinko inc has bonds on the market with 75 yrs to maturity

Engineering

ALINKO INC. has bonds on the market with 7.5 yrs to maturity, a Yield to maturity of 8%, and a current price of $990. The face value is $1,000.

The bonds make semi-annual payments. What must be the dollar coupon amount every six-months for an ALINKO bond?

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Computer Engineering, Engineering

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