Your friend told you she just received her semiannual coupon payment on a U.S. Treasury note with

Question:

Your friend told you she just received her semiannual coupon payment on a U.S. Treasury note with a $100,000 face value that pays a 6 percent annual coupon. How much money did she receive from this coupon payment?

a. $3,000

b. $6,000

c. $30,000

d. $60,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

Question Posted: