Evergreen Holdings issues a bond with a $2,000 face value that makes coupon payments of $25 every 6 months. What is the coupon rate?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Evergreen holding issues a bond with a...Please answer the financial accounting question

Evergreen Holdings issues a bond with a $2,000
face value that makes coupon payments of $25
every 6 months. What is the coupon rate?
Transcribed Image Text:Evergreen Holdings issues a bond with a $2,000 face value that makes coupon payments of $25 every 6 months. What is the coupon rate?
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