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Gary bought a bond with a face value of $12,000 and a coupon rate of 6.5% The bond will mature in 10 years
How much interest will he receive semiannually?
$780
$650
$468
16 $390
1 2 3
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Gary bought a bond with a face value of 12000 and a coupon rate of 65 The bond will mature in 10 years How much interest will he receive semiannually 780 650 46 class=

Respuesta :

savagebeast228492

Answer:

390

Step-by-step explanation:

The inerest that Gary will receive semiannually on the bond he bought is $390.

What is the interest?

Interest is the regular payment a bondholder would receive during the live of the bond. When the interest is received semiannually, it means the bondholder is paid twice a month.

Interest = face value x (coupon rate / 2)

(6.5 / 2) x $12000= $390

To learn more about interest, please check: https://brainly.com/question/26164549

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