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26 December, 11:50

Sarah has a $2000 bond with a 7% coupon. How much interest will Sarah received for this bond every 6 months?

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  1. 26 December, 15:15
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    Given a 7% coupon on a $2000 bond, that means Sarah earns a monthly interest of 0.07 (2000) = $140 In that case, if she receives the bond every six months, then she is to expect the combined interest for the six months which is 6 (140) = $840. Thus, the answer is $840.
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