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To calculate the coupon payment of a bond, you need to know the coupon rate and the face value of the bond.
The coupon rate is given as 8%, which means the bond pays 8% of its face value as a coupon payment. In this case, the face value of the bond is R1,000.
So, the coupon payment can be calculated as follows:
Coupon Payment = Coupon Rate * Face Value
Coupon Payment = 8% * R1,000
Coupon Payment = 0.08 * R1,000
Coupon Payment = R80
Therefore, the coupon payment of this specific bond with a nominal value of R1,000 is R80.