asked 20.2k views
0 votes
Lori bought a bond with a face value of $20,000 and a coupon rate of 9.5%. The bond will mature in 20 years.

How much interest will she receive semiannually?

Question 3 options:

$380


$950


$1140


$1900

asked
User Mickzer
by
7.9k points

2 Answers

0 votes

The correct answer is B, $950 dollars.

answered
User Ashley O
by
7.8k points
2 votes
The correct answer is B, $950 dollars.
answered
User Arman
by
7.8k points
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