Answer:
$450
Explanation:
The computation of coupon payment is shown below:-
Semiannual coupon payment amount = Future value × Coupon rate ÷ Coupon payments in a year
Where
Future value = $10,000
Coupon rate = 9%
Coupon payment in a year = 2
Now place the values to the above formula
So, the coupon payment is
= $10,000 × 9% ÷ 2
= $450
Therefore for computing the coupon payment we simply applied the above formula.
