If a Corporate Bond with Face Value of $8,000 Has

question 25

Multiple Choice

If a corporate bond with face value of $8,000 has an interest rate of 4 percent paid once a year for a term of 30 years,what is the size of the coupon payment?

• A)$320
• B)$2,000
• C)$8,000
• D)$9,600

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