question archive Suppose a bond is priced at $1170, has 17 years remaining until maturity, and has a 7% coupon, paid monthly

Suppose a bond is priced at $1170, has 17 years remaining until maturity, and has a 7% coupon, paid monthly

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Suppose a bond is priced at $1170, has 17 years remaining until maturity, and has a 7% coupon, paid monthly. What is the amount of the next interest payment (in $ dollars)? $ L.

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