ABC bonds have a coupon rate of 9 percent,pay interest semiannually,and sell at par.Each of these bonds has a market price of ________ and interest payments of ________.

Name: ABC bonds have a coupon rate of 9 percent,pay interest semiannually,and sell at par.Each of these bonds has a market price of ________ and interest payments of ________.
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Since the bonds sell at par, their market price is $1,000. With a 9% annual coupon rate and semiannual payments, each payment is 4.5% of $1,000, which is $45.

ABC Bonds Have a Coupon Rate of 9 Percent,pay Interest