# Manuel bought a $100,000 bond with a 4% coupon for $92,300 when it had five years remaining

## 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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