Ask Question
15 September, 04:36

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

+4
Answers (1)
  1. 15 September, 07:50
    0
    The payment divided by the face value is the coupon rate:

    70/1000 = 7/100 = 7.00%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers