How much will the coupon payments be of a 15-year $500 bond with a 9% coupon rate and quarterly payments? A) $11.25 B) $45.00 C) $22.50 D) $3.75

Intermediate Financial Management (MindTap Course List)
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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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How much will the coupon payments be of a 15-year $500 bond with a 9% coupon rate and quarterly payments?

A) $11.25

B) $45.00

C) $22.50

D) $3.75

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