Sherman has three bonds with a $1,000 par value that pay a 9% coupon interest rate.How much will he earn every six months?

Name: Sherman has three bonds with a $1,000 par value that pay a 9% coupon interest rate.How much will he earn every six months?
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Sherman has three bonds, each with a $1,000 par value and a 9% annual coupon rate. The semi-annual interest payment per bond is $1,000 * 9% / 2 = $45. For three bonds, this amounts to $45 * 3 = $135 every six months.

Sherman Has Three Bonds with a $1,000 Par Value That