Answered: D&G Enterprises issues bonds with a…

D&G Enterprises issues bonds with a $1,000 face value that make coupon payments of $30 every 3 months. What is the coupon rate? A) 0.30% B) 3.00% C) 9.00% D) 12.00% E) 30.00%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

D&G Enterprises issues bonds with a $1,000
face value that make coupon payments of
$30 every 3 months.
What is the coupon rate?
A) 0.30%
B) 3.00%
C) 9.00%
D) 12.00%
E) 30.00%

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