# Two and one-half years ago the Province of Saskatchewan sold an issue of 25-year, 6% coupon bonds.

## Question:

a. 6.5%.

b. 6%.

c. 5.5%.

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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