(Answered) The bank issues 10million of 8 year bondscoupon rate 8

Finance

The bank issues 10million of 8 year bonds.

Coupon rate 8 percent paid quarterly (4 times per year)

Yield to maturity is 12%.

For each $1,000 face value, what should the bank receive?

If the bank makes coupon payments semiannual for 1,000 face value, what is the new coupon rate?

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