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Vb6tistynaoctorsela Vb6tistynaoctorsela
  • 19-02-2017
  • Mathematics
Answered

If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is

Verified Answer :

TranscendPeaceLove TranscendPeaceLove
  • 19-02-2017

The coupon payment $650 every year. To find this answer, multiply $5,000 by 0.13 (the decimal form of 13%). You will get $650.

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