1. A coupon bond with a $4 million face value which makes a coupon payment of $100,000 has a coupon rate of a. 4 per cent b. 40 per cent c. 2.5 per cent

Exploring Economics
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Chapter16: The Markets For Labor, Capital, And Land
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1. A coupon bond with a $4 million face value which makes a coupon payment of $100,000 has a
coupon rate of
a. 4 per cent
b. 40 per cent
c. 2.5 per cent
Transcribed Image Text:1. A coupon bond with a $4 million face value which makes a coupon payment of $100,000 has a coupon rate of a. 4 per cent b. 40 per cent c. 2.5 per cent
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