A 3% coupon rate bonds issued in Australia pays couponsA.$30 twice a yearB.$3 once a yearC.$1.5 twice a yearD.$6 in total per year
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Solution 1
The coupon rate of a bond is the annual interest rate the issuer will pay to the bondholder. It's expressed as a percentage of the bond's face value.
In this case, the bond has a coupon rate of 3%. This means that for every $100 of the bond's face value, the issuer will pay $3 in interest per year Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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