# Eight years ago, Yan purchased a $20,000 face value, 6% coupon bond with 15 years remaining to

## Question:

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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