8. Mr. Mercado bought a bond with a face value of $5000 and a coupon rate of 7.5%. The bond will mature in 15 years. How much interest will

Question

8. Mr. Mercado bought a bond with a face value of $5000 and a coupon rate of 7.5%. The bond will mature in 15 years. How much interest will he receive semiannually?

in progress 0
Hailey 1 month 2021-10-17T01:03:23+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-10-17T01:04:45+00:00

    Answer: $187.5

    Step-by-step explanation:

    The interest = 5000× ( 7.5/100 )÷2

    =5000 × 0.075 ÷2

    = 5000 ×0.0375

    = 187.5 has interest semiannually

    Hence, he gets 187.5

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )