A 30-year bond with a face value of $1,000 and coupons payable monthly is selli…
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A 30-year bond with a face value of $1,000 and coupons payable monthly is selling at par. If the effective quarterly yield is 4.55%.
Round your work to at least 6 decimal places and final answer to 2 decimal places.
| The value of the coupon paid every quarter is |