47-A bond coupon rate of 9%. It matures after 8 years. It has a current market price of OMR 96. Assume that coupons are semi-annual payments. What is annual coupon payment amount of the Bond? a. OMR 9 b. OMR 8.64 c. OMR 4.32 d. OMR 4.5 Clear my choice

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Chapter1: Financial Statements And Business Decisions
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47-A bond coupon rate of 9%. It matures after 8 years. It has a current market price of OMR 96. Assume that coupons are semi-annual payments. What is annual coupon payment amount of the Bond?
a.
OMR 9
b.
OMR 8.64
c.
OMR 4.32
d.
OMR 4.5
Clear my choice
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