: If a bond has a par value of 1000 and a monthly coupon rate of 3.650%, do I get .5 every month until maturity? I'm looking at bond with CUSIP DSDB66702, which has a monthly coupon rate of 3.650 and a par value of 00.

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If a bond has a par value of 1000 and a monthly coupon rate of 3.650%, do I get .5 every month until maturity?
I'm looking at bond with CUSIP DSDB66702, which has a monthly coupon rate of 3.650 and a par value of 00. If I hold this to maturity will I get .50 every month before taxes?

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@JosephChristo

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.50 * 12 = 8.00
If you give this a bit of thought, in the US rates are sub 5%/year, not 44%/year.

The coupon rate is an annual rate, so you get .50 total each year.

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: If a bond has a par value of 1000 and a monthly coupon rate of 3.650%, do I get .5 every month until maturity? I'm looking at bond with CUSIP DSDB66702, which has a monthly coupon rate of 3.650 and a par value of 00.

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