If you receive a $5000 bond as a graduation present and the bond will pay you $75 interest every 3 months for 20 years, what is the bond coupon rate?

What will be an ideal response?


75 = 5000(b)/4
b = 6% per year, payable quarterly

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What will be an ideal response?

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Answer the following statement true (T) or false (F)

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