Computation the amount of each coupon payment
A bond has a par value of $1000, a current yield of 6.452 percent, annual interest payments, and 8 years to maturity.
The bond quote is 92.976. What is the amount of each coupon payment?
a. $30.00
b. $32.27
c. $60.00
d. $62.50
e. $64.53