imgonnakms7263 imgonnakms7263
  • 19-05-2018
  • Mathematics
contestada

A bond has a $1,000 face value, a market price of $1,036, and pays interest payments of $70 every year. what is the coupon rate? 14.00 percent 7.12 percent 6.76 percent 13.51 percent 7.00 percent

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sqdancefan
sqdancefan sqdancefan
  • 24-05-2018
The payment divided by the face value is the coupon rate:
  70/1000 = 7/100 = 7.00%
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