John has a $1000 bond with a 3% coupon. How much interest will John

receive for this bond every 6 months?

O A. $15.00

O B. $20.00

O C. $30.00

O D. $25.00

Step-by-step explanation:

A

A 3% Coupon, would mean 3% interest per year.

Since there are 12 months to a year, we would need to find the amount of interest for the year, then divide it by 2.

3% or 1,000 is $30. He gets $30 interest per year. Now, we need to divide that by 2, and we will get A. He gets $15 interest every 6 months.