Find the value of the bond annual coupon payment

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Reference no: EM131884666

Question: A 20-year coupon bond with a face value of $100,000 sells for a price of $65,636.50, has a yield to maturity of i = 0.08, and makes annual coupon payments. Find the value of the bond's annual coupon payment (rounded to the nearest cent) and the bond's coupon rate. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131884666

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