Question

John has a $1000 bond with a 3% coupon. How much interest will John receive for this bond every 6 months?

Answer 1

..$15.00 every 6 months..

Answer 2

if a bond cam with 3 % coupon, it means 3 % interest per year

so , if the question asked to count the one received every 6 months, the calculation would be :

$1000 x 3 % x 6/12

= $15 every 6 months

hope this helps