Question: Please answer the questions below based on a corporate bond with the following characteristics: Issuer: Bowie Corporation Standard and Poor rating:BBB Par value:$75,000 Coupon rate:9%

Please answer the questions below based on a corporate bond with the following characteristics:

Issuer: Bowie Corporation

Standard and Poor rating:BBB

Par value:$75,000

Coupon rate:9% per annum

Coupon payment:Paid annually

Maturity date:20 years - December 31, 2036

A) What is the dollar amount of the coupon payment every year? __________

B) Is the coupon payment a fixed or variable rate? ___________________

C) Is this bond investment grade? (Yes or No) ________________

D) What amount is Bowie promising to pay investors at maturity? ____________.

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