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