Payment divided by par value is classified as

divisible payment
coupon payment
par payment
per period payment

The correct answer is: B. coupon payment

A coupon payment is a periodic payment made to the holder of a bond. The coupon payment is typically a fixed amount, and it is usually paid semi-annually. The coupon payment is calculated by multiplying the coupon rate by the par value of the bond.

A divisible payment is a payment that can be divided into smaller parts. For example, a monthly payment is a divisible payment.

A par payment is a payment that is equal to the par value of a bond. The par value is the face value of a bond, and it is the amount that the bond issuer promises to pay back to the bondholder at maturity.

A per period payment is a payment that is made on a regular basis, such as monthly or quarterly. For example, a mortgage payment is a per period payment.

In conclusion, the correct answer is: B. coupon payment. A coupon payment is a periodic payment made to the holder of a bond. The coupon payment is typically a fixed amount, and it is usually paid semi-annually. The coupon payment is calculated by multiplying the coupon rate by the par value of the bond.