A corporate bond has a coupon rate of 12%,a yield to maturity of 10.55%,a face value of $1,000,and a market price of $850.Therefore,the annual interest payment is

Name: A corporate bond has a coupon rate of 12%,a yield to maturity of 10.55%,a face value of $1,000,and a market price of $850.Therefore,the annual interest payment is
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The annual interest payment of a bond is calculated by multiplying the coupon rate by the face value. Here, 12% of $1,000 is $120.00.

A Corporate Bond Has a Coupon Rate of 12%,a Yield