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22 May, 17:36

Sunshine mining bonds have a $1,000 face value, pay $95 annual interest, mature in 2020, and are currently quoted at $1,302.50. the coupon rate of the bond is:

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  1. 22 May, 18:23
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    The coupon rate of the sunshine mining bonds is 7.29%. Coupon rate is figured by dividing the par value ($1302.50) by the annual interest (yield). If the face value of the bond was only given as well as the annual interest, the coupon rate of the bond would be 9.5%.
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