20.2k views
0 votes
Lori bought a bond with a face value of $20,000 and a coupon rate of 9.5%. The bond will mature in 20 years.

How much interest will she receive semiannually?

Question 3 options:

$380


$950


$1140


$1900

User Mickzer
by
7.9k points

2 Answers

0 votes

The correct answer is B, $950 dollars.

User Ashley O
by
7.8k points
2 votes
The correct answer is B, $950 dollars.
User Arman
by
7.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories