Use the following bond quote:
Company Symbol Coupon Maturity Rating High Low Last Change Yield%
Int’l Systems
ISU.GO 6.850% May 2032 Baa2/BBB/BB– 102.817 91.865 93.231 1.650 7.482%
If you currently own 15 of the bonds, how much will you receive on the next coupon date?

To calculate the amount you'll receive on the next coupon date, follow these steps:

### Step 1: Coupon Payment per Bond
The coupon rate is **6.850%** annually. This means that each bond pays **6.850%** of its **par value** (typically \$1,000 per bond) every year. Since bond coupons are usually paid **semiannually**, each coupon payment will be half of the annual interest.

\[
\text{Semiannual coupon payment per bond} = \frac{6.850\% \times 1,000}{2} = \frac{68.50}{2} = 34.25
\]

### Step 2: Total Coupon Payment for 15 Bonds
You own **15 bonds**, so you'll receive the semiannual coupon payment for each bond.

\[
\text{Total payment} = 15 \times 34.25 = 513.75
\]

### Conclusion:
You will receive **\$513.75** on the next coupon date.

Would you like further details on how bond coupon payments work or have any other questions?

### 5 Related Questions:
1. How does a bond's coupon rate compare to its yield?
2. What happens if the bond is sold before its maturity date?
3. How are bond prices and interest rates related?
4. How does bond rating affect its risk and return?
5. What is the significance of a bond's "par value"?

**Tip:** Keep track of interest rate changes, as they affect the market price and yield of bonds significantly.

Use the following bond quote: Company Symbol Coupon Maturity Rating High Low Last Change Yield% Int’l Systems ISU.GO 6.850% May 2032 Baa2/BBB/BB– 102.817 91.865 93.231 1.650 7.482% If you currently own 15 of the bonds, how much will you receive on the next coupon date?

Learn how to calculate the coupon payment for a bond with a 6.850% interest rate and semiannual payments. This example walks through calculating the total coupon payment for 15 bonds, focusing on finance math and coupon payment formulas. Suitable for advanced high school students and those studying finance.

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