Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

If the maturity date of a semi-annual coupon bond is February 20, 2039, on what date is the final coupon paid?

Sagot :

jepessoa

Answer:

February 20, 2039

Explanation:

the bonds pay a semiannual coupon, but the last coupon is paid along with the face value (or maturity) value of the bond. For example, if the bond pays a 6% coupon rate, on February 20, 2039 the investor will receive ($1,000 x 6% x 1/2) + $1,000 = $1,030. The exact date might change if the maturity date is a Saturday or Sunday, but it should be paid on the next business day.

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.