Assume that you purchased a $1,000 Mobil Corporation bond that pays 8.25 percent interest.What is the amount of interest you would receive each six months?

Question

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The bond pays 8.25% annual interest, which is $82.50 per year on a $1,000 bond. Since interest is paid semi-annually, you would receive half of that amount every six months, which is $41.25.

Assume That You Purchased a $1,000 Mobil Corporation Bond That