A bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July
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Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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The reported bond price is 100 232 percent of p...View the full answer
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