Kayteeortiz1904 Kayteeortiz1904

16-04-2024
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Jovan bought a bond with a face value of $15,000 and a coupon rate of 8.5%. The bond will mature in 15 years. How much interest will he receive semiannually?
a. $637.50
b.$765.00
c.$825.50
d.$1275.00

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