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Calculate the amount of the semiannual interest check for a $400 bon.pdf

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Calculate the amount of the semiannual interest check for a $400 bond reported in a financial paper as J&M Corp 7s22. Solution Issuer Name = J & M corp Coupon rate = 7% maturity = sept 22 semi annual rate = 7%/2 = 3.5% Semi annual interest = $400 x 3.5% = $14.

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Calculate the amount of the semiannual interest check for a $400 bond reported in a financial paper as J&M Corp 7s22. Solution Issuer Name = J & M corp Coupon rate = 7% maturity = sept 22 semi annual rate = 7%/2 = 3.5% Semi annual interest = $400 x 3.5% = $14

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Calculate the amount of the semiannual interest check for a $400 bon.pdf

  • 1. Calculate the amount of the semiannual interest check for a $400 bond reported in a financial paper as J&M Corp 7s22. Solution Issuer Name = J & M corp Coupon rate = 7% maturity = sept 22 semi annual rate = 7%/2 = 3.5% Semi annual interest = $400 x 3.5% = $14