Megan Invested in 10 Bonds with a Total Face Value

question 62

Multiple Choice

Megan invested in 10 bonds with a total face value of $5,000, issued by Zen Corporation. The bonds paid 10% semiannual interest till the maturity date. Which of the following is the value of interest earned in the first installment on a single bond?

• A)$50
• B)$100
• C)$500
• D)$250
• E)$75

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