Apple Inc. has the following outstanding bond : coupon rate: 6% Maturity date : 10/15/2041 what...

Apple Inc. has the following outstanding bond :

coupon rate: 6%

Maturity date : 10/15/2041

what is is the size of each of the company's coupon payment? Assume annual coupons. round to nearest $.

Solutions

Expert Solution

Face Value of bond = $1000

Cooupon rate = 6%

Annual Coupon Payment = face Value*Coupon rate = $1000*6%

Annual Coupon Payment = $60

So, the size of each of the company's coupon payment is $60

jeff jeffy answered 2 years ago

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