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Question

What is the annual coupon rate of a bond having face value of Rs.1000, that pays quarterly payments of Rs.20.

A 6% Correct Answer Incorrect Answer
B 7% Correct Answer Incorrect Answer
C 8% Correct Answer Incorrect Answer
D 10% Correct Answer Incorrect Answer
E 12% Correct Answer Incorrect Answer

Solution

Annual coupon rate = 20*4/1000 = 8%

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