What is the annual interest payment on a bond with a 7% coupon rate and a $1,000.00 par value?

Name: What is the annual interest payment on a bond with a 7% coupon rate and a $1,000.00 par value?
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The annual interest payment on a bond is calculated by multiplying the coupon rate by the par value. Therefore, a 7% coupon rate on a $1,000 par value bond results in an annual interest payment of $70.00 (0.07 * $1,000 = $70).

What Is the Annual Interest Payment on a Bond with a 7