When a bond has a par or face value of $1,000 and a 6% coupon rate, the semiannual payment would be $60.

Name: When a bond has a par or face value of $1,000 and a 6% coupon rate, the semiannual payment would be $60.
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With a 6% annual coupon rate and a par value of $1,000, the semiannual payment would be $30 because the annual interest is divided by two for each of the two payments per year.

When a Bond Has a Par or Face Value of $1,000