Questions: The annual coupon rate is 17 percent, and the face value of the bond is 1,000

The annual coupon rate is 17 percent, and the face value of the bond is 1,000
Transcript text: The annual coupon rate is 17 percent, and the face value of the bond is $1,000
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Solution

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Solution Steps

It seems like the question is not clear and contains some typographical errors. However, I will attempt to interpret it as a question about calculating the annual coupon payment for a bond given an annual coupon rate and the face value of the bond.

Solution Approach
  1. Extract the annual coupon rate and the face value of the bond.
  2. Calculate the annual coupon payment by multiplying the coupon rate by the face value.
  3. Output the annual coupon payment.
Step 1: Given Values

We are given the annual coupon rate \( r = 0.17 \) (or 17%) and the face value of the bond \( FV = 1000 \).

Step 2: Calculate Annual Coupon Payment

The annual coupon payment \( C \) can be calculated using the formula: \[ C = r \times FV \] Substituting the given values: \[ C = 0.17 \times 1000 = 170.0 \]

Final Answer

The annual coupon payment is \\(\boxed{C = 170.0}\\).

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