When coupon payment is expressed as a percentage of the bond’s par value and annualized by multiplying by the number of periods per year, it is called the bond’s

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14MC
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When coupon payment is expressed as a percentage of the bond’s par value and annualized by multiplying by the number of periods per year, it is called the bond’s ________________.

coupon principal
 
No choice given
 
coupon discount rate
 
coupon payment fee
 
coupon interest rate
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