The 4.5 per cent 15 April 2020 Treasury bond will pay coupons of $2.25 (per $100 of face value)on 15 April and 15 October each year up to and including maturity.

Question

Quizplus · Accepted Answer

This statement is true. The 4.5% 15 April 2020 Treasury bond pays coupons twice a year on 15 April and 15 October. The coupon rate of $2.25 per $100 of face value equates to a semi-annual payment of $1.125 per $100 of face value.

The 45 Per Cent 15 April 2020 Treasury Bond Will Pay