What is the coupon payment of a bond with a face value of 10

What is the coupon payment of a bond with a face value of $1,000 and an annual interest rate of 10%? Coupon payment is equal to $ (Enter your response as an integer.)

Solution

Note that the bond is paying an interest of 10% on a face value of $1000 which means the interest amount is 1000 x 10% = $100. This is the coupon payment on $1000.

Hence the answer is $100.