Assume That You Purchase a $1,000 Bond Issued by Harley-Davidson

question 43

Multiple Choice

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

• A) $3.00
• B) $6.00
• C) $30.00
• D) $60.00
• E) $1,000

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