What Is the Semi-Annual Interest Payment on a $1,000 Bond

question 82

Short Answer

What is the semi-annual interest payment on a $1,000 bond with a 7 percent coupon rate?
(a)$70
(b)$35
(c)$350
(d)$700

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Definitions:

Presidential Influence

The impact or power held by the President in shaping policies, public opinion, and decision-making processes within a government.

Congressional Oversight

The United States Congress's oversight and regulation of federal agencies, programs, activities, and the enforcement of policies.

Spoils System

A practice in which political parties, upon winning an election, reward supporters with government jobs or favors, often criticized for prioritizing loyalty over merit.

Political Patronage

The appointment or hiring of individuals to governmental positions on the basis of political loyalty and support, rather than merit.