Question
Paul buys six $1000 corporate bonds that pay 3.25% per year and mature in 2035. What is the total dollar amount of interest he will
Paul buys six $1000 corporate bonds that pay 3.25% per year and mature in 2035. What is the total dollar amount of interest he will receive each year from his bonds?
| A. $65 | ||
| B. $390 | ||
| C. $130 | ||
| D. $195 | ||
| E. $650 |
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
