Ask Question
29 November, 12:36

8. Mr. Mercado bought a bond with a face value of $5000 and a coupon rate of 7.5%. The bond will mature in 15 years. How much interest will he receive semiannually?

+3
Answers (1)
  1. 29 November, 14:08
    0
    Answer: $187.5

    Step-by-step explanation:

    The interest = 5000 * (7.5/100) : 2

    =5000 * 0.075 : 2

    = 5000 * 0.0375

    = 187.5 has interest semiannually

    Hence, he gets 187.5
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “8. Mr. Mercado bought a bond with a face value of $5000 and a coupon rate of 7.5%. The bond will mature in 15 years. How much interest will ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers