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The coupon payments would be made twice every year.
What is coupon payment?
Coupon payment means the cash amount that bondholders would receive from the university(bond issuer) on periodic basis till the bond matures, it is likely that the coupons are payable semiannually or annually as would be determined in this analysis.
The coupon payment is closely related with the coupon rate , which means that in order to determine the number of times in a year that coupons will be paid we can make use of the coupon received, the par value, the coupon rate, such that the frequency of coupon payments would be the unknown as shown below:
coupon receipt=par value*coupon rate/coupon frequency
coupon receipt=$110.25
par value=$5000
coupon rate=4.41%
coupon frequency=unknown(assume it is X)
$110.25=$5,000*4.41%/X
$110.25=$220.50/X
X=$220.50/$110.25
X=2
Coupons would be twice every year, which means semiannual coupon payments
Read more on coupon frequency on:https://brainly.com/question/16748047
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