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JulijaS [17]
3 years ago
8

If the maturity date of a semi-annual coupon bond is February 20, 2039, on what date is the final coupon paid?

Business
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

February 20, 2039

Explanation:

the bonds pay a semiannual coupon, but the last coupon is paid along with the face value (or maturity) value of the bond. For example, if the bond pays a 6% coupon rate, on February 20, 2039 the investor will receive ($1,000 x 6% x 1/2) + $1,000 = $1,030. The exact date might change if the maturity date is a Saturday or Sunday, but it should be paid on the next business day.

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a. For Reviewed tab

Explanation:

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Which industry has been relying on neural network technology for over two decades?
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A foreign exchange student bought a used car for $10,000 and resold it one year later for $6,500. Insurance, license, and operat
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Answer:

$6000

Explanation:

Break up of the economic cost of owning and operating the car for the year is mentioned below:

Car Bought -                                                     10,000

Add: Insurance, license and operating cost - 1,500

Add: Interest (10,000 * 10%) -                           1,000

Less: Car resold -                                             (6,500)

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