20.For a bond with a face value of $1,000 and a coupon rate of 9%,what is the annual coupon payment? (a)$90 (b)$99 (c)$1,000 (d$1,190 Answer:(a) 21.If the market price of a coupon bond equals its face value,it is also termed a (a)par bond (b)premium bond (c)discount bond (d)zero-discount bond Answer:(a) 22.If the bond's market price is higher than its face value,it is termed a (a)par bond (b)premium bond (c)discount bond (d)zero-discount bond Answer:(b) 23.If the bond's market price is lower than its face value,it is termed a (a)par bond (b)premium bond (c)discount bond (d)zero-par bond Answer:(c) 8-68-6 20. For a bond with a face value of $1,000 and a coupon rate of 9%, what is the annual coupon payment? (a) $90 (b) $99 (c) $1,000 (d) $1,190 Answer: (a) 21. If the market price of a coupon bond equals its face value, it is also termed a ________. (a) par bond (b) premium bond (c) discount bond (d) zero-discount bond Answer: (a) 22. If the bond’s market price is higher than its face value, it is termed a ________. (a) par bond (b) premium bond (c) discount bond (d) zero-discount bond Answer: (b) 23. If the bond’s market price is lower than its face value, it is termed a ________. (a) par bond (b) premium bond (c) discount bond (d) zero-par bond Answer: (c)