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To: Rono who wrote (2144)6/7/2002 10:49:56 PM
From: RalphCramden  Read Replies (1) | Respond to of 2737
 
Ralph: The bond that pays coupons now pays $6.25 every 4/15 and 10/15.

Rono: How did you figure $6.25?

Ralph: It is a 12.5% coupon rate paid semi-annually. The price is always quoted on a $100 bond, so the interest on a $100 bond is $12.50 a year of $6.25 every half year.