Finance

Coupon Payment Calculator

Find each coupon payment of a bond.

Calculated Output

Payment per period ($) 30

Annual total ($) 60

Formula: payment = face × rate ÷ frequency

Step-by-Step Breakdown

1. Values used:

2. Face value = 1,000 $

3. Coupon rate = 6 %

4. Payments per year = 2

6. Payment per period = 30$

7. Annual total = (1,000 / 100) x 6 = 10 x 6 = 60$

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The math behind it

annual coupon = face × rate; per-period = annual ÷ payments per year.

$1,000 at 6% semi-annual → $30 each.

Semi-annual?

Most US bonds pay twice a year (frequency 2).