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horsena [70]
3 years ago
10

g Suppose a bond is priced at $1035, has 12 years remaining until maturity, and has a 12% coupon, paid monthly. What is the amou

nt of the next interest payment (in $ dollars)
Business
1 answer:
trapecia [35]3 years ago
4 0

Answer:

$10

Explanation:

As the bond is priced at $1035, the par value is $1000.

<em><u>Calculation of the amount of the next interest payment</u></em>

= Par value * Coupon rate/12

= $1000 * 12%/12

= $1000 * 1%

= $10

So, the amount of the next interest payment is $10.

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