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9 August, 03:27

Arah holds a bond for 5 years that has a 5.7% percent coupon rate and a $1000 par value.

How much interest does Sarah earn in 4 years?

a,$285

b.$258

c.$82

d.$228

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Answers (2)
  1. 9 August, 03:43
    0
    I am so sorry if this is wrong but I believe that the answer is a. $285.
  2. 9 August, 06:05
    0
    Answer A

    1000 x 5 x. 057 = I ($285)
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