Multiple Choice
Use the information for the question(s) below.
The Sisyphean Company has a bond outstanding with a face value of $1000 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 semiannually.
-How much will each semiannual coupon payment be?
A) $60
B) $40
C) $120
D) $80
Correct Answer:
Verified
Correct Answer:
Verified
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