Question

Anne purchased a 15-year $5,000 bond at par value with a 6% coupon. what is the total value of the coupons?

1. 9,500

2. 5,300

3. 4,500

4. 300

Answer 1

It is: 3.- 4500.

Explanation:

Since 6% of 5000 is: 4500.

Therefore, the total value of the coupons is 4500