Sherman Has Three Bonds with a $1,000 Par Value That

question 92

Multiple Choice

Sherman has three bonds with a $1,000 par value that pay a 9% coupon interest rate.How much will he earn every six months?

• A)$27
• B)$90
• C)$135
• D)$202.50
• E)$270

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Definitions:

Breach Of Contract

The violation of a binding agreement between two or more parties by failing to perform any term of the contract without a legitimate legal excuse.

Legal Position

The status, rights, and obligations of an entity or individual according to the law.

Defences

Defences in legal terms refer to arguments and evidence presented by a defendant in a lawsuit to demonstrate why they should not be held liable for the claims brought against them.

Legally Binding Contract

An agreement between parties that has legal force and is enforceable by law, with defined obligations and rights.