candacetaylor00
candacetaylor00 candacetaylor00
  • 23-05-2017
  • Mathematics
contestada

Kristen bought a $2000 bond with a 4.9% coupon that matures in 10 years. What are Kristen's total earnings for this bond when it reaches its date of maturity?

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BlueSky06
BlueSky06 BlueSky06
  • 06-06-2017

The solution would be like this for this specific problem:

 

Given: $2,000 bond

4.9% coupon

10 years.

$2,000 x 4.9% = 98  
 
98 x 10 = 980      


Kristen's total earnings for this bond when it reaches its date of maturity is $980.00.
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marioarzeta10 marioarzeta10
  • 03-06-2019

Answer:

$980.00 -_- APEX

Step-by-step explanation:

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