Anne purchased a 15-year $5,000 bond at par value with a 6% coupon. what is the total value of the coupons? 1. 9,500 2. 5,300 3. 4,500 4. 300

asked Mar 13, 2021 216k views

2 votes

Anne purchased a 15-year $5,000 bond at par value with a 6% coupon. what is the total value of the coupons?

1. 9,500

2. 5,300

3. 4,500

4. 300

4.1k points

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Answer:

It is: 3.- 4500.

Explanation:

Since 6% of 5000 is: 4500.

Therefore, the total value of the coupons is 4500

Konjac answered Mar 17, 2021

4.4k points

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