Question

ryan has a $500 bond with a 6% coupon. how much interest will ryan review for this bond every 6 months?

Answer 1

$15.00

Step-by-step explanation:

Answer 2

The correct answer is (D)

Step-by-step explanation:

Amount of bond = $500

Rate of coupon = 6%

To find the yearly interest payment

=500* 6/100

=$30

Interest will receive by Ryan in a year is given by

Semi-annually interest payment is

=30* 6/100

=$15

So the correct answer is (D)