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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
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Aug 11, 2018
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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
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high-school
Sudik Maharana
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The answer is D. $90.00
Gingo
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Aug 13, 2018
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Gingo
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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
Jasmin
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Aug 17, 2018
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Jasmin
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