What is a 'Coupon Rate'
A coupon rate is the yield paid by a fixed income security. A fixed income security's coupon rate is simply just the annual coupon payments paid by the issuer relative to the bond's face or par value. The coupon rate is the yield the bond paid on its issue date. This yield, however, will change as the value of the bond changes, thus giving the bond's yield to maturity.
BREAKING DOWN 'Coupon Rate'
A bond's coupon rate can be calculated by dividing the sum of the security's annual coupon payments and dividing them by the bond's par value. For example, a bond which was issued with a face value of $1000 that pays a $25 coupon semiannually would have a coupon rate of 5%. All else held equal, bonds with higher coupon rates are more desirable for investors than those with lower coupon rates.

Current Coupon Bond
A bond with a coupon rate that is within 0.5\% of the current ... 
Coupon
The annual interest rate paid on a bond, expressed as a percentage ... 
Short Coupon
A payment made on a bond within a shorter time interval than ... 
StepUp Bond
A bond that pays an initial coupon rate for the first period, ... 
Ex Coupon
A bond or preferred stock that does not include the interest ... 
Nominal Yield
The coupon rate on a bond. The nominal yield is the interest ...

Investing Basics
Explaining the Coupon Rate
Coupon rate is the stated interest rate on a fixed income security. 
Bonds & Fixed Income
Comparing Yield To Maturity And The Coupon Rate
Investors base investing decisions and strategies on yield to maturity more so than coupon rates. 
Bonds & Fixed Income
Advanced Bond Concepts: Bond Pricing
It is important for prospective bond buyers to know how to determine the price of a bond because it will indicate the yield received should the bond be purchased. In this section, we will run ... 
Investing Basics
What is a "Coupon"?
In the financial world, “coupon” represents the interest rate on a bond. 
Professionals
Basic Coupon Structures
CFA Level 1  Basic Coupon Structures. Learn the various coupon structures of bonds. Provides an example of a floating rate bond and discusses how it relates to caps and floors. 
Budgeting
Coupon Shopping: Clip Your Way To Savings
Use coupons strategically to score big savings on everyday purchases. 
Bonds & Fixed Income
Using Excel PV Function to compute Bonds PV
To determine the value of a bond today  for a fixed principal (par value) to be repaid in the future at any predetermined time  we can use an Excel spreadsheet. 
Bonds & Fixed Income
Advanced Bond Concepts: Yield and Bond Price
In the last section of this tutorial, we touched on the concept of required yield. In this section we'll explain what this means and take a closer look into how various yields are calculated. ... 
Professionals
Yield
FINRA Series 7 Online Study Guide Section 4 Debt Securities 
Professionals
Bond Yields
FINRA/NASAA Series 65: Section 8 Bond Yields. In this section yield to maturity, current yield, yield to call and real interest rate.

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