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sladkih [1.3K]
3 years ago
6

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

Mathematics
2 answers:
Vinil7 [7]3 years ago
7 0

Answer:

..$15.00 every 6 months..

atroni [7]3 years ago
3 0
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
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