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Inga [223]
3 years ago
12

Question 8 (4 points)

Mathematics
1 answer:
AnnyKZ [126]3 years ago
8 0

Answer:

$270

Step-by-step explanation:

-The coupon amount is calculated as:

Coupon=Coupon\  Rate \times Face \ Value

-Given the face value is $8,000 and coupon rate is 6.75%, the semi-annual coupon amount is calculated as:

Coupon=Coupon\  Rate \times Face \ Value\\\\=0.0675\times 8000\times \frac{1}{2}\\\\=270

Hence, the semi-annual coupon amount is $270

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