The interest on bond is to be calculated on ___ *
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The correct answer of this question is face value .
Explanation:
Given - The interest on bond is to be calculated .
To Find - Fill in the blanks .
The interest on bond is to be calculated on face value .
Multiply the bond's face value by the coupon interest rate, then multiply it by the number of years corresponding to the bond's term. When a bond reaches maturity, the issuer pays the face value to the bondholder.
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