Question

Ryan has a $3000 bond with a 6% coupon. How much interest wil Ryan receive for this bond every 6 months

Answer 1

I know 6% of $3000 is $180

But I don't understand the rest of the question.

Answer 2

Assuming Ryan has to pay the $3000 bond every 6 months, he would need to pay $2820.

Here is my reasoning:

6% of $3000 is $180.

Since the 6% off is a coupon, that would mean Ryan would get $180 off his $3000 bond.

Which means Ryan should have to pay $2820. ($3000 - $180 coupon).

I hope this is what you mean! If not, let me know and I will fix my answer! Have a great night Shalla9gomez! :)