Alex purchased a seven-year $600 bond at par value with a 5% coupon. What is the total value of the coupons?

asked Nov 11, 2021 157k views

1 vote

by Univ

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3 votes

Answer

300 dollars

because u do 600x.5

Geert Smelt answered Nov 13, 2021

4.5k points

3 votes

Answer:

$210

Explanation:

Coupon payment : 0.05 x $600 = $30

Total coupon payment : $30 x 7 years = $210

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