Use the Information for the Question(s)below

question 49

Multiple Choice

Use the information for the question(s) below.
The Sisyphean Company has a bond outstanding with a face value of $1 000 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 semi-annually.
-How much will each semi-annual coupon payment be?

• A)$120
• B)$80
• C)$60
• D)$40

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