rashauncraig24 rashauncraig24
  • 16-05-2017
  • Mathematics
contestada

Ryan has a $500 bond with a 6% coupon. How much interest will Ryan receive for this bond every 6 months? A. $20.00 B. $30.00 C. $40.00 D. $15.00

Respuesta :

Jericabarnett91 Jericabarnett91
  • 13-07-2017
d will be the answer apex
Answer Link
RenatoMattice RenatoMattice
  • 27-11-2018

Answer:  Option 'D' is correct.

Step-by-step explanation:

Since we have given that

Amount of bond = $500

Rate of coupon = 6%

Interest will receive by Ryan in a year is given by

[tex]500\times \frac{6}{100}\\\\=\$30[/tex]

and Interest will receive by Ryan every 6 months is given by

[tex]30\times \frac{6}{12}\\\\=\$15[/tex]

Hence, Option 'D' is correct.

Answer Link

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