A 20-year, semiannual coupon bond sells for $958.56. The bond has a par value of $1,000 and a yield to maturity of 7.02 percent. What is the bond's coupon rate?
A stock currently sells for $58. The dividend yield is 3.6 percent and the dividend growth rate is 4.9 percent. What is the amount of the dividend that was just paid?
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