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OpenStudy (anonymous):
@countonme123 @sara17 Ryan has a $500 bond with a 6% coupon. How much interest will Ryan receive for this bond every 6 months? A. $40.00 B. $30.00 C. $15.00 D. $20.00
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OpenStudy (anonymous):
6 percent of 100 is 6 bux then 6x 5 (because its 500 not 100) = 30 bux ^_^
OpenStudy (anonymous):
(500)(.06)=30 so B is corect
OpenStudy (anonymous):
how did you come to that?
OpenStudy (tkhunny):
Bonds are typically semi-annual. 500*0.06/2 = ?? Note: I'm a little uneasy calling this coupon "interest".
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