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Coupon Rate of a Bond

The coupon rate is the interest rate that the issuer agrees to pay each year. The coupon rate multiplied by the face value of the Bond gives the Rupee amount of the coupon. For example, if an investor purchases a Bond of face value Rs.5,000/- having a coupon rate of 7% payable annually, then the investor will receive Rs.350 each year as interest or coupon throughout the tenure of the Bond.