You own $5,000 par of the XYZ 8s of 09; they sell for 94% of par. The bond paid interest six months ago, and pays again tomorrow. How much is the next interest check?
A) $376
B) $188
C) $200
D) $400

Question

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The Answer of You own $5,000 par of the XYZ 8s of 09; they sell for 94% of par. The bond paid interest six months ago, and pays again tomorrow. How much is the next interest check?
A) $376
B) $188
C) $200
D) $400

You Own $5,000 Par of the XYZ 8s of 09;