Bond terms dictate the frequency of coupon paymentsThe coupon rate is expressed in annual termsIf the payments are more frequent, calculation of bond value requires:Dividing the annual coupon payment (C )by the number of compounding periods per year (m ) to arrive at the value of each coupon payment (C/m);Dividing the annual required rate of return by (m ) to arrive at the desired periodic yield (r/m);Multiplying the years of the bond’s life (T) by (m ) to arrive at the number of coupon payments (mT).