Question

Acme is selling 8.00%, $1000, bonds for payment in 15.0 years (face amount of $1000, coupon rate of 8.00%, with a 15-year maturity). That is, the bond will pay 8.00% of the principle at the end of eac

Answer 1

8.00℅ interest at the end of each year on $1000 i.e. $80 and $1000 will be repaid at the end of 15th year