hermiyab hermiyab

19-09-2020
Mathematics

contestada

Alex purchased a seven-year $600 bond at par value with a 5% coupon. What is the total value of the coupons?

Respuesta :

DelaneyB25 DelaneyB25

19-09-2020

Answer

300 dollars

because u do 600x.5

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amigoodm amigoodm

03-03-2021

Answer:

$210

Step-by-step explanation:

Coupon payment : 0.05 x $600 = $30

Total coupon payment : $30 x 7 years = $210

Answer Link

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