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31 March, 04:55

Ryan has a $3000 bond with a 6% coupon. How much interest will ryan receive for this bond every 6 months?

A 180.00

B 60.00

C 100.00

D 90.00

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Answers (1)
  1. 31 March, 06:12
    0
    Face Value : $3000 x 6% coupon rate = $180 interest per year.

    But since it is every 6 months, it will be like this:

    $180/2 = $90 every 6 months

    Answer: D. $90
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