The Coupon rate is 12%.
Coupon rate = coupon/ face value × 12/ coupon period
Given values, coupon = 30
face value = 1000
coupon period = 3
Put these values in formula,
Coupon rate = coupon/ face value × 12/ coupon period
Coupon rate = 30/1000 * 12/3
Coupon rate = 12%
The Coupon rate is the annual profits an investor can expect to get hold of while retaining a selected bond. it's miles constant whilst the bond is issued and is calculated with the aid of dividing the sum of the once a year coupon bills through the par cost. at the time it is purchased, a bond's yield to adulthood and its coupon fee are the equal.
The Coupon rate can be taken into consideration because the yield on a hard and fast-income protection. The hobby rate is the fee charged by using the lender to the borrower for the borrowed amount. The coupon fee is calculated on the face cost of the bond, that is being invested.
Learn more about Coupon rate here:- https://brainly.com/question/27123871
#SPJ4
