g The Alfa Co. has a 6% coupon bond outstanding that pays annual interest. Calculate the annual interest payment on a $1,000 face value bond. Group of answer choices.

$60

Explanation:

Calculation of the annual interest payment on a $1,000 face value bond for Alfa Co.

Since Alfa Co. already has 6% coupon bond outstanding which pays annual interest, therefore to calculate for the annual interest payment on a $1,000 face value bond what we are going to do is to find the 6% of the $1,000 face value using this formula

Annual Interest payment= Percentage of coupon bond outstanding × Amount of the face value bond

Where,

Percentage of coupon bond outstanding =6%

Amount of the face value bond =$1,000

Let plug in the formula

Annual Interest payment=6%*$1,000=$60

Therefore the annual interest payment on a $1,000 face value bond for Alfa Co. will be $60

3,500 beverages

explanation:

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