Question

Kristen bought a $2000 bond with a 4.9% coupon that matures in 10 years. What are Kristen's total earnings for this bond when it reaches its date of maturity?

Answer 1

$980.00 -_- APEX

Explanation:

Answer 2

The solution would be like this for this specific problem:

Given: $2,000 bond

4.9% coupon

10 years.

$2,000 x 4.9% = 98

98 x 10 = 980


Kristen's total earnings for this bond when it reaches its date of maturity is $980.00.