A 35 Percent Coupon Bond Is Currently Quoted at 91

question 22

Multiple Choice

A 3.5 percent coupon bond is currently quoted at 91.3 and has a face value of $1,000.What is the amount of each semi-annual coupon payment if you own three (3) of these bonds?

• A) $52.50
• B) $75.00
• C) $100.46
• D) $110.00
• E) $200.93

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