If comparable bonds are paying 7 percent and the approximate market value of a $1,000 bond is $1,286,then what is the semiannual interest on the bond?
A)$45
B)$90
C)$100
D)$70
E)$35

Name: If comparable bonds are paying 7 percent and the approximate market value of a $1,000 bond is $1,286,then what is the semiannual interest on the bond? A)$45 B)$90 C)$100 D)$70 E)$35
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Question

Quizplus · Accepted Answer

1,286 F1F1F1S1F1F1F10.07 = $90.02 annual interest; $90.02 / 2 = $45 semiannual interest (rounded).

If Comparable Bonds Are Paying 7 Percent and the Approximate