3. A customer purchases 10 bonds that have a nominal yield of 8% p.a. at a...

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3. A customer purchases 10 bonds that have a nominal yield of 8% p.a. at a price of 94 1/4. The customer will receive semi annual payments of: (a) $377 (b) $400 (c) $754 (d) $800 ANS: (b) 3. A customer purchases 10 bonds that have a nominal yield of 8% p.a. at a price of 94 1/4. The customer will receive semi annual payments of: (a) $377 (b) $400 (c) $754 (d) $800 ANS: (b)