#6. Five years ago, you purchased five corporate bonds that each pay 5.80 percent annual interest....
Homework Answers
Interest earned on bond each year = Face Value of Bond*Rate of Interest
Interest earned on 5 bonds each year = 1,000*5.80%*5
= $290
Hence, the answer is $290
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#6.
Five years ago, you purchased five corporate bonds that each pay
5.80 percent annual interest....
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