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The rate used to work out the periodic interest payments on a bond is the:

ACarrier rate
BCoupon rate
CCustom rate
DCounter rate
Answer & Solution
Correct answer: B. Coupon rate
1. It is always stated in annual terms. 2. Payments may still be more frequent. 3. It is the coupon rate. _Source: OpenStax Principles of Finance 2e, Chapter 10, Bonds and Bond Valuation._
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