A bond has a par value of 100 and a coupon rate of 5%. Coupon payments are

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A bond has a par value of £100 and a coupon rate of 5%. Coupon payments are made semi-annually. The periodic interest payment is:

A. £2.50, paid twice a year.

B. £5.00, paid once a year.

C. £5.00, paid twice a year.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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