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Brums [2.3K]
2 years ago
15

Ivan bought a $1000 bond with a 4.5% coupon that matures in 30 years. What

Mathematics
1 answer:
Flura [38]2 years ago
5 0

Ivan's annual earnings for this bond is $45.00

<h3>What is a bond?</h3>

A bond is a pledge, made by a borrower to pay a loan taken back to the lender with an interest.

Ivan's annual interest earning would be :

= $1,000 x 4.5 %

= $45 per year

Hence, Ivan's annual earnings for this bond is $45.00

Learn more about bonds here : brainly.com/question/1392006

#SPJ1

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