Question

Esperanza holds a bond for 10 years that has a 4% coupon rate and a $2000 par value.

How much interest would Esperanza receive if she purchased the bond?

800$

8000$

80$

8$

2$

Answer 1

8$ because it starts with less first

Answer 2

a) $800

Step-by-step explanation:

$2000 x 4% = $80

$80 x 10 years = $800