[Solved] Assume That You Purchased a $1,000 Rogers Bond That Pays

Question 55
Multiple Choice

Assume that you purchased a $1,000 Rogers bond that pays 6 percent interest. What is the amount of interest you would receive each six months?

A) $6.00
B) $3.00
C) $60.00
D) $30.00
E) $1,000

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