If a bond pays $50 interest semiannually with a par value of $1,000, its coupon rate is
A) 5%.
B) 10%.
C) 15%.
D) 20%.
Answer: B
Explanation: B) ($50 × 2)/$1,000 = 10 percent
Business
You might also like to view...
In keeping with the notion of freedom of contract, in the contract of employment, an employee can agree to a notice period that is shorter than the minimum period prescribed by statute
Indicate whether the statement is true or false
Business
In the ________ exchange rate system, the currency has limited flexibility and the rate is kept within a fixed band
A) currency board B) floating exchange rate C) target zone D) pegged exchange rate system
Business