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

User Univ
by
7.4k points

2 Answers

3 votes

Answer

300 dollars

because u do 600x.5

User Geert Smelt
by
8.1k points
3 votes

Answer:

$210

Explanation:

Coupon payment : 0.05 x $600 = $30

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

User Yassine Younes
by
7.5k points
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