A bond has a par value of $1,000, a current yield of 6.25percent, and semiannual...

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A bond has a par value of $1,000, a current yield of 6.25percent, and semiannual...

A bond has a par value of $1,000, a current yield of 6.25 percent, and semiannual interest payments. The bond quote is 100.8. What is the amount of each coupon payment?

$63.00

$31.25

$37.50

$62.50

$31.50

business finance

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Answer 1

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Answer #1

Coupon yield $=$ Current Yield $\mathrm{x}$ Bond Quote

$=6.25 \% \times 100.8$

$=6.3 \%$

Coupon Payment

$=\$ 1000 \times 0.063 / 2$

$=\$ 31.5$

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Answer 2

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