Question

In: Finance

A 5% semiannual coupon bond with $1,000 par pays $50 every 6 months. Group of answer...

A 5% semiannual coupon bond with $1,000 par pays $50 every 6 months.

Group of answer choices

True

False

Solutions

Expert Solution

False

Semiannual coupon bond = $1,000 * 0.05 * 6/12

Semiannual coupon bond = $25


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