A bond is quoted as 6.5% coupon.The bondholder would receive _____ interest per year.

Name: A bond is quoted as 6.5% coupon.The bondholder would receive _____ interest per year.
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A bond with a 6.5% coupon rate means that the annual interest payment is 6.5% of the face value of the bond. Therefore, a bondholder would receive $65 ($1,000 face value x 6.5%) in interest per year.

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