Based upon the following information: What is the dollar amount of interest paid annually on a $1,000 POP bond?

Question

Based upon the following information:  What is the dollar amount of interest paid annually on a $1,000 POP bond?

Quizplus · Accepted Answer

The key information in the code is TB3855, which is the CUSIP number for a specific bond. Using the CUSIP number, we can find that this bond is a POP bond with a coupon rate of 9.75%. To calculate the interest paid annually, we can multiply the coupon rate by the face value of the bond ($1,000).

0.0975 x $1,000 = $97.50

Therefore, the answer is C) $97.50.

Based Upon the Following Information: What Is the Dollar