Respuesta :
Answer:
The dollar amount of interest that is receivable from the bond is $134.94
Explanation:
The amount of coupon interest receivable over a three year period can be computed as shown below
Annual coupon interest=face value of the bond*annual coupon rate
face value of the bond is $1000
annual coupon rate is 4.498%
annual coupon interest=$1000*4.498%=$44.98
Three-year dollar amount of interest=annual coupon interest*3 years
Three-year dollar amount of interest=$44.98*3
Three-year dollar amount of interest=$134.94
the three year dollar interest represents 13.49% return on the bond ($134.94/$1000)
The total dollar amount of interest that you received from your bond investment over the three-year period is $134.94.
- The calculation is as follows:
= $1000 × 4.498% × 3
= $134.94
Therefore we can conclude that The total dollar amount of interest that you received from your bond investment over the three-year period is $134.94.
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