1:43 PM 49% ill Simple FNB 100 Quiz 2 ezto.mheducation.com Problem 7-1 Interest

Question

1:43 PM 49% ill Simple FNB 100 Quiz 2 ezto.mheducation.com Problem 7-1 Interest Payments (LG1) Determine the interest payment for the following three bonds (Assume a $1,000 par value.) (Leave no cells blank - be certain to enter "o" wherever required. Round your answers to 2 decimal places): 3 ½ percent coupon corporate bond (paid semiannually) 4.25 percent coupon Treasury note Corporate zero coupon bond maturing in ten years References eBook & Resources Problem 7-1 InterestDifficulity 1 Basic Payments (LG1) Worksheet

Explanation / Answer

3 ½ percent coupon corporate bond (paid semiannually): ½ × 0.035 × $1,000 = $17.50

4.25 percent coupon Treasury note: ½ × 0.0425 × $1,000 = $21.25

Corporate zero coupon bond maturing in ten years: 0.00 × $1,000 = $0

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