Use the following bond quotes to answer this question:

-The Zeus Company bond pays interest semi-annually.You own six of these bonds.What is the amount you will receive as your next interest payment?
A) $76.00
B) $228.00
C) $190.00
D) $247.50
E) $304.00

Question

Use the following bond quotes to answer this question:
 
-The Zeus Company bond pays interest semi-annually.You own six of these bonds.What is the amount you will receive as your next interest payment?
A) $76.00 
B) $228.00 
C) $190.00 
D) $247.50 
E) $304.00

Quizplus · Accepted Answer

Next interest payment = 6 × [(0.0825 × $1,000)/2] = $247.50

Use the Following Bond Quotes to Answer This Question