A university issues a bond with a face value of $10,000 and a coupon rate of 5.65% that matures on 07/15/2015. The holder of such a bond receives coupon payments of $282.50. How frequently are coupon payments made in this case? (Monthly, quarterly, semiannually or annually?

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    A university issues a bond with a face value of $10,000 and a coupon rate of 5.65% that matures on 07/15/2015. The holder of such a bond receives coupon payments of $282.50. How frequently are coupon payments made in this case? (Monthly, quarterly, semiannually or annually? 

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