Use the Information for the Question(s) Below

question 8

Multiple Choice

Use the information for the question(s) below.
-The Sisyphean Company has a bond outstanding with a face value of $5000 that matures in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 8.9% and that the coupon payments are to be made semiannually. How much will each semiannual coupon payment be?

• A) $445.0
• B) $222.5
• C) $667.5
• D) $890.0

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Definitions:

United States

A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

$600 Billion

An indicative monetary figure which could refer to various financial contexts, such as the value of a particular market, a government budget, or a company's revenue.

Economic Espionage

The act of obtaining trade secrets from business competitors through illegal means for commercial advantage.

Foreign Governments

The governing bodies of countries other than one's own, which operate under different legal and political systems.