Question

Sam purchased a five-year Treasury note with a $1,000 face value and a 7.5% coupon rate....

Sam purchased a five-year Treasury note with a $1,000 face value and a 7.5% coupon rate.

Calculate the coupon payment Sam receives if he purchases a five-year Treasury note. To do this, first enter the appropriate coupon rate and face value. Then compute the coupon payment Sam receives and enter this value as your answer.

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