contestada

Use the following bond quotes to answer this question:
Company Coupon Maturity High Low Last Change Yield
Talliru Co 7.60 Nov 2012 100.05 99.68 99.89 0.02
Zeus 8.25 Apr 2016 102.41 101.87 102.03 -0.10
The Zeus Company bond pays interest semi-annually. You own six of these bonds. What is the amount you will receive as your next interest payment?
A. $247.50
B. $76.00
C. $228.00
D. $304.00
E. S190.00

Respuesta :

Tundexi

Answer:

a. $247.50

Explanation:

As bonds are semi annual, every 6 months interest payment will be mad

Face value = 1000

Coupon rate = 8.25%

Number of bonds = 6

Interest payment = 1000 * 8.25% * (6/12) * 6

Interest payment = $247.50

So, the amount i will receive as the next interest payment is $247.50.

Otras preguntas