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Patrick has a $1000 bond with 6% coupon. How much interest will Patrick receive for this bond every 6 months?

Patrick has a $1000 bond with 6% coupon. How much interest will Patrick receive for this bond every 6 months?
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Patrick has a $1000 bond with 6% coupon. How much interest will Patrick receive for this bond every 6 months?

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User Jdscolam
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2 Answers

4 votes

Answer:

Step-by-step explanation:1000• 6%•6/12=4320

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User Dave Ward
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You are given a face value of $1000 bond with 6% bond interest. You are asked for the interest that Patrick will receive for this bond every 6 months. You use the equation b=Fi. The answer is 36%
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User Dome
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