Use the information for the question(s) below.
-Shown above is information from FINRA regarding one of Bank of America's bonds. How much would the holder of such a bond earn each coupon payment for each $100 in face value if coupons are paid semiannually?
A) $1.49
B) $2.15
C) $2.32
D) $4.30

Question

Use the information for the question(s) below. 
-Shown above is information from FINRA regarding one of Bank of America's bonds. How much would the holder of such a bond earn each coupon payment for each $100 in face value if coupons are paid semiannually?
A) $1.49 
B) $2.15 
C) $2.32 
D) $4.30

Quizplus · Accepted Answer

B) 100 × 4.300% = $4.30; $4.30 / 2 = $2.15

Use the Information for the Question(s) Below