Megan Invested in Ten Bonds of Total Face Value of $1,000,issued

question 70

Multiple Choice

Megan invested in ten bonds of total face value of $1,000,issued by Zen Corporation.The bonds paid 10 percent 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)$90
• E)$75

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