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15 December, 02:23

Patrick has a $1000 bond with 6% coupon. How much interest will Patrick receive for this bond every 6 months?

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  1. 15 December, 02:36
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    You are given a face value of $1000 bond with 6% bond interest. You are asked for the interest that Patrick will receive for this bond every 6 months. You use the equation b=Fi. The answer is 36%
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