Answer:
$20
Explanation:
Given : John has a $1000 bond with a 4% coupon.
Solution : How much interest will John receive for this bond every 6 months?
Solution :
Principal(P) = $1000
Rate of interest (R)= 4%= 0.04
Time (T)= 6 months = 0.5 years
Formula of simple interest = Principal*rate*time
= 1000*0.04*0.5
=$20
Thus John will receive $20 for this bond every 6 months