A Bond Has a Par Value of $1,000 and a Coupon

question 66

Multiple Choice

A bond has a par value of $1,000 and a coupon rate of 6 percent. What is the dollar amount of each semiannual interest payment if you own 6 of these bonds?

• A) $180
• B) $210
• C) $320
• D) $420
• E) $840

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Definitions:

Ergs

Basic instinctual drives or primary motivational forces in some psychological theories; the term originates from the work of Sigmund Freud.

Personality Traits

Enduring characteristics or qualities that describe an individual's consistent behaviours and attitudes.

Stable Across Time

A characteristic or attribute that remains consistent and unchanged over a period.

Ergs

In psychology, often considered an outdated term for the basic drives or instincts that motivate human behavior, such as hunger, thirst, and sex.