You own twelve (12)6.25 percent coupon bonds with a total maturity value of $12,000.How much will you receive every six months as an interest payment?
A) $213.50
B) $375.00
C) $427.00
D) $540.00
E) $750.00

Name: You own twelve (12)6.25 percent coupon bonds with a total maturity value of $12,000.How much will you receive every six months as an interest payment? A) $213.50 B) $375.00 C) $427.00 D) $540.00 E) $750.00
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Question

Quizplus · Accepted Answer

Semi-annual interest = 12 × [(.0625 × $1,000)/2] = $375

You Own Twelve (12)6