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I purchased a 3-year, semi-annual coupon paying bond issued by IBM four years ago and held the bond until maturity. The price of the bond
I purchased a 3-year, semi-annual coupon paying bond issued by IBM four years ago and held the bond until maturity. The price of the bond was $990. The coupon/interest rate was 6% per year. The face value was $1000. Which of the following statements is true?
I received an interest of $30 every six months for 3 years. | ||
I received the principal of $990 at maturity. | ||
I received an interest of $60 every six months for 3 years. | ||
I paid $1000 to purchase the bond. |
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