A Bond Has a Face Value of $12,000, a Price

question 13

Multiple Choice

A bond has a face value of $12,000, a price of $15,000, and coupon payments of $3000 for two years. The coupon rate of this bond is:

• A) 15%.
• B) 20%.
• C) 10%.
• D) 25%.
• E) 30%.

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Arithmetic Operators

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