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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
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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

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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
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