John has a $1000 bond with a 3% coupon. How much interest will John receive for this bond every 6 months?

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asked Oct 7, 2017 160k views

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Don Brody · Answer 1 · 2017-10-13T17:31:39+0000

The interest of the bond for 6 months is $15. This is computed as 3% of 1000 is $30. Then since it is only for 6 months, $30 divided by 12 months and multiplied by 6, which is equal to $15

John has a $1000 bond with a 3% coupon. How much interest will John receive for this bond every 6 months?

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