Your friend told you she just received her semiannual coupon payment on a U.S. Treasury note with
Question:
Your friend told you she just received her semiannual coupon payment on a U.S. Treasury note with a $100,000 face value that pays a 6 percent annual coupon. How much money did she receive from this coupon payment?
a. $3,000
b. $6,000
c. $30,000
d. $60,000.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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