A corporate bond has a 9.4% annual coupon rate. The bond has a $1,000 face value and is currently selling at $900. The annual coupon payment on this bond is

Name: A corporate bond has a 9.4% annual coupon rate. The bond has a $1,000 face value and is currently selling at $900. The annual coupon payment on this bond is
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The annual coupon payment is calculated by multiplying the coupon rate by the face value of the bond: 9.4% of $1,000 equals $94.00.

A Corporate Bond Has a 9