Final answer:
To calculate the cost of the bond, use the present value formula with the future value, interest rate, and number of periods.
Step-by-step explanation:
To determine the cost of the corporate bond, we need to calculate the present value of the future payment.
The bond pays $3,000 after 30 weeks with a 0.06% simple interest per week.
To calculate the present value, we can use the formula: PV = FV / (1 + r * n), where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
Plugging in the values, we have: PV = 3000 / (1 + 0.06 * 30) = $2806.78