Assume That You Purchase a $1,000 Bond Issued by Kohls

question 102

Multiple Choice

Assume that you purchase a $1,000 bond issued by Kohls that pays 8% interest each year, paid every 6 months. What is the amount of each interest payment?

• A) $4.00
• B) $8.00
• C) $40.00
• D) $80.00
• E) $1,000

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