Math / Numbers & Operations

QuestionWhat is the coupon payment of a bond with a face value of $\$ 5,000$ and an annual interest rate of $8 \% ?$ Coupon payment is equal to $\$$ $\square$ . (Enter your response as an integer.)

Studdy Solution
Calculate the coupon payment.
$\text{Coupon Payment} = 5000 \times 0.08 = 400$
The coupon payment of the bond is:
$\boxed{400}$

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