You Own Eight (8) 7

question 37

Multiple Choice

You own eight (8) 7.25 percent coupon bonds with a total maturity value of $8,000. How much will you receive every six months as an interest payment?

• A) $213.50
• B) $290.00
• C) $427.00
• D) $540.00
• E) $843.75

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Definitions:

For Profit

relates to activities or organizations established with the primary goal of generating financial returns for owners or shareholders.

Non-profit

An organization that operates for purposes other than making a profit, often focused on furthering a social cause or shared goal.

De Jure

Pertaining to a state of affairs that is in accordance with law, officially recognized.

Foreign Corporation

A corporation that is registered to do business in a state or jurisdiction other than where it was originally incorporated.