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10 September, 14:12

ryan has a $500 bond with a 6% coupon. how much interest will ryan review for this bond every 6 months?

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  1. 10 September, 14:33
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    The correct answer is (D)

    Explanation:

    Amount of bond = $500

    Rate of coupon = 6%

    To find the yearly interest payment

    =500 * 6/100

    =$30

    Interest will receive by Ryan in a year is given by

    Semi-annually interest payment is

    =30 * 6/100

    =$15

    So the correct answer is (D)
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