Ryan has a $500 bond with a 6% coupon. How much interest will Ryan receive for this bond every 6 months? A. $20.00 B. $30.00 C.

Question

4 years ago

3

$40.00 D. $15.00

2 answers:

Lelu [443] · Answer 1 · 2021-12-06T16:11:29+03:00

Lelu [443]4 years ago

5 0

D will be the answer apex

jek_recluse [69] · Answer 2 · 2021-12-06T18:35:45+03:00

4 0

Answer: Option 'D' is correct.

Step-by-step explanation:

Since we have given that

Amount of bond = $500

Rate of coupon = 6%

Interest will receive by Ryan in a year is given by

$500\times \frac{6}{100}\\\\=\$30$

and Interest will receive by Ryan every 6 months is given by

$30\times \frac{6}{12}\\\\=\$15$

Hence, Option 'D' is correct.