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matrenka [14]
3 years ago
10

Use the following bond quotes to answer this question:

Business
1 answer:
Alina [70]3 years ago
8 0

Answer:

a. $247.50

Explanation:

As bonds are semi annual, every 6 months interest payment will be mad

Face value = 1000

Coupon rate = 8.25%

Number of bonds = 6

Interest payment = 1000 * 8.25% * (6/12) * 6

Interest payment = $247.50

So, the amount i will receive as the next interest payment is $247.50.

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