The coupon rate of interest on a bond is the interest rate printed on the bond; the bond rate of interest is the current rate of interest being paid on investments with similar characteristics.
Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value.
A bond's interest rate is related to the present indicating interest rates and the perceived risk of the issuer.
Therefore, the correct answers are as given above.
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