Post Utme Summit University 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A company issues a 5-year bond with a face value of ₦10,000,000 and a coupon rate of 8%. What is the annual coupon payment?

Answer Options

A. ₦800,000
Correct Answer B. ₦640,000
C. ₦720,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦640,000

About This Question

This is Post Utme Summit University 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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