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25 July, 06:01

Esperanza holds a bond for 10 years that has a 4% coupon rate and a $2000 par value. How much interest would Esperanza receive if she purchased the bond?

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  1. 25 July, 07:38
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    Answer: $800

    Step-by-step explanation:

    Esperanza holds a bond for 10 years with a 4% coupon rate and a $2000 par value.

    From the question,

    Principal = $2000

    Rate = 4%

    Time = 10 years

    Interest = (Principal*Rate*Time) / 100

    = (2000*4*10) / 100

    =80000/100

    = $800

    Esperanza will receive $800 if she purchased the bond
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