If you own a ($15,000) bond that has a coupon of 3 percent and pays interest semiannually,

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If you own a $$15,000$ bond that has a coupon of 3 percent and pays interest semiannually, how much interest would you receive?

a. $$450$ every six months

b. $$450$ once a year

c. $$225$ every two years

d. $$225$ twice a year

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Better Business

ISBN: 9780136679745

6th Edition

Authors: Michael R. Solomon, Mary Anne Poatsy, Kendall Martin

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Question Posted: Apr 09, 2024 03:00 AM

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If you own a ($15,000) bond that has a coupon of 3 percent and pays interest semiannually,

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d 225 twice a year Since the bond pays interest semiannually t...View the full answer

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