Apple sells bonds with a $100 Face Value with a 4% coupon rate.  What is the amount of the semi-annual coupon?   a) $8 b) $2 c) $4 d) $10

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2EB: Waylan Sisters Inc. issued 3-year bonds with a par value of $100,000 and a 6% annual coupon when the...
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Apple sells bonds with a $100 Face Value with a 4% coupon rate.  What is the amount of the semi-annual coupon?

 

a) $8

b) $2

c) $4

d) $10

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