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aukwtBadrease5
aukwtBadrease5 aukwtBadrease5
  • 05-07-2016
  • Mathematics
Answered

John has a $1000 bond with a 3% coupon. How much interest will John receive for this bond every 6 months?

Verified Answer :

andriansp andriansp
  • 10-07-2016

if a bond cam with 3 % coupon, it means 3 % interest per year

so , if the question asked to count the one received every 6 months, the calculation would be : 

$1000 x 3 % x 6/12

= $15 every 6 months

hope this helps

Answer Link
heidikwil
heidikwil heidikwil
  • 09-04-2020

Answer:

..$15.00 every 6 months..

Answer Link

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