question archive Mary just purchased a bond which pays $60 a year in interest

Mary just purchased a bond which pays $60 a year in interest

Subject:FinancePrice:2.86 Bought15

Mary just purchased a bond which pays $60 a year in interest. In calculating PVBo, what is the meaning of $60?

a.Coupon payment

b.Discount Value

c.Yield

d.Face value

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