A University Issues a Bond with a Face Value of $10,000

question 8

Multiple Choice

A university issues a bond with a face value of $10,000 and a coupon rate of 5.65% that matures on 07/15/2015.The holder of such a bond receives coupon payments of $282.50.How frequently are coupon payments made in this case?

• A)monthly
• B)quarterly
• C)semiannually
• D)annually

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Definitions:

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