Use the Information for the Question(s)below

question 34

Multiple Choice

Use the information for the question(s) below.
The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years.The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semiannually.
-How much will each semiannual coupon payment be?

• A)$60
• B)$40
• C)$120
• D)$80

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Definitions:

Taut

An assertion that holds truth as a result of its inherent logic or by necessity.

MP

An abbreviation for Member of Parliament, an individual elected to serve in the legislative body of a country.

Justification

The action of showing something to be right or reasonable, or the reasoning behind such a demonstration.

Premise

A foundational statement or principle from which a conclusion is logically derived.