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Ryan has a $3000 bond with a 6% coupon. How much interest will ryan receive for this bond every 6 months? A 180.00 B 60.00 C 100.00 D 90.00

Ryan has a $3000 bond with a 6% coupon. How much interest will ryan receive for this bond every 6 months? A 180.00 B 60.00 C 100.00 D 90.00
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Ryan has a $3000 bond with a 6% coupon. How much interest will ryan receive for this bond every 6 months?

A 180.00
B 60.00
C 100.00
D 90.00

User Sudik Maharana
by
8.3k points

2 Answers

1 vote

The answer is D. $90.00


User Gingo
by
7.7k points
4 votes
Face Value : $3000 x 6% coupon rate = $180 interest per year.
But since it is every 6 months, it will be like this:
$180/2 = $90 every 6 months

Answer: D. $90
User Jasmin
by
8.0k points
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