John Mathews purchased a corporate bond with a face value of $1,000 and a stated interest rate of 8 percent; he will receive an $80 interest payment twice a year.

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John Mathews will receive an $80 interest payment once a year because a bond with a stated interest rate of 8 percent on a face value of $1,000 would yield an annual interest payment of $80, not twice a year unless specified as a semi-annual payment bond.

John Mathews Purchased a Corporate Bond with a Face Value