If you own a $5,000 bond that has a coupon of 4 percent and pays interest semiannually,

Question:

If you own a $5,000 bond that has a coupon of 4 percent and pays interest semiannually, how much interest would you receive?

a. $200 every six months

b. $200 once a year

c. $200 every two years

d. $100 twice a year

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