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A 1000 par value bond has a coupon rate of 8 percent and a


1. A $1,000 par value bond makes two interest payments each year of $45 each. What is the bond's coupon rate?

2. A $1,000 par value bond has a coupon rate of 8 percent and a coupon yield of 9 percent. What is the bond's market price?

3. A bond sells for $900 and offers a coupon yield of 7.2 percent. What is the bond's annual coupon payment?

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Financial Management: A 1000 par value bond has a coupon rate of 8 percent and a
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