Elizabeth Cherry has a bond that has 10 years to maturity,a face value of $1,000,an 8% interest rate,and a market price of $1,200.What is the dollar amount of annual interest on this bond?
A)$20
B)$80
C)$100
D)$120
E)$200

Name: Elizabeth Cherry has a bond that has 10 years to maturity,a face value of $1,000,an 8% interest rate,and a market price of $1,200.What is the dollar amount of annual interest on this bond? A)$20 B)$80 C)$100 D)$120 E)$200
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Question

Quizplus · Accepted Answer

1,000 F1F1F1S1F1F1F108% = $80.

Elizabeth Cherry Has a Bond That Has 10 Years to Maturity,a