Karen Johnson paid $1,000 for a corporate bond issued by an oil and gas corporation.The annual interest rate for the bond is 3 percent.
a.What is the annual interest amount for this bond?
b.Since the annual interest for this bond is paid every six months or semiannually,how much will Karen receive for her bond each six months?
c.If comparable,new bonds pay 5 percent interest,what is the approximate market value for Karen's oil and gas bond?

Question

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The Answer of Karen Johnson paid $1,000 for a corporate bond issued by an oil and gas corporation.The annual interest rate for the bond is 3 percent.
a.What is the annual interest amount for this bond?
b.Since the annual interest for this bond is paid every six months or semiannually,how much will Karen receive for her bond each six months?
c.If comparable,new bonds pay 5 percent interest,what is the approximate market value for Karen's oil and gas bond?

Karen Johnson Paid $1,000 for a Corporate Bond Issued by an Oil