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Harold Pitt
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What is the annual coupon payment on a bond if?
A corporate bond has a coupon rate of 8%, a yield to maturity of 12%, a face value of $1,000, and a market price of $900. Therefore, the annual coupon payment is what?
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- Don GLv 79 years agoFavorite Answer
The annual interest payment is based on the coupon rate x the face amount of the bond, so 8% x 1,000 = $80.
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