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EastWind [94]
3 years ago
12

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

Mathematics
1 answer:
IgorLugansk [536]3 years ago
4 0
The interest of the bond  for 6 months is $15. This is computed as 3% of 1000 is $30. Then since it is only for 6 months, $30 divided by 12 months and multiplied by 6, which is equal to $15
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