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Author Question: The Bond MarketIf a corporate bond with a face value of $3000 has an interest rate of 6% paid once a ... (Read 63 times)

meganh99

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Question 1

The Bond Market

If you invest $40,000 in a bond that earns 2% interest per year, how many years will it take to double your money? (Round to the nearest tenth when appropriate.)
◦ 1.4
◦ 8.0
◦ 35.0
◦ 50.0

Question 2

The Bond Market

If a corporate bond with a face value of $3000 has an interest rate of 6% paid once a year for a term of 10 years, what is the size of the coupon payment? (Round to the nearest hundredth.)
◦ $18.00
◦ $500.00
◦ $180.00
◦ $50.00


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Marked as best answer by meganh99 on Nov 23, 2022

ekattan2

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meganh99

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Reply 2 on: Nov 23, 2022
Excellent


hollysheppard095

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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