Bernie purchased 20 bonds with par values of $ 1,000 each The bonds carry a coupon rate of 9 payable semiannually How much will Bernie receive for his first interest payment ...

Bernie will receive 900 for his first interes ...

Bernie purchased 20 bonds with par values of $ 1,000 each. The bonds carry a coupon rate

Question:

Bernie purchased 20 bonds with par values of $ 1,000 each. The bonds carry a rate of 9% payable semiannually. How much will Bernie receive for his first interest payment? 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...