Bond Pricing . A General Motors bond carries a coupon rate of 8 percent, has 9 years until maturity, and sells at a yield to maturity of 9 percent
Required
What interest payments do bondholders receive each year
Assumption 1: Coupon payments are made on an annual basis.
Assumption 2: Face value of the bond is $100.
a.) The bond holders based on above assumption receive a payment of $8 each year. (8% * 100 = $8).
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