Coupon interest rate

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Coupon interest rate is the stated rate of interest on a bond; defined as the coupon payment divided by the par value.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Coupon interest rate. Stated rate of interest on a bond; defined as the coupon payment divided by the par value.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Coupon interest rate. The stated annual interest rate on a bond.

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