A company has issued a bond having the face value ₹4,000, carrying a coupon rate of 12% to be paid semi-annually. If the bond is maturing in 10 years then the semi-annually dividend payment (in ₹) is :
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 240
Coupon Payment = $\frac{Coupon\,Rate×Face\,Value}{2}$
$=\frac{6×4000}{100}=240$