A 5-year treasury bond with a coupon rate of 8% has a face value of $1,000. What is the semi-annual interest payment?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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A 5-year treasury bond with a coupon rate of
8% has a face value of $1,000.
What is the semi-annual interest payment?
Transcribed Image Text:A 5-year treasury bond with a coupon rate of 8% has a face value of $1,000. What is the semi-annual interest payment?
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