Company AT&T Bank of America Time to Maturity (years) Annual Rate (%) 10 3.40 10 4.00 General Electric 2 How much interest would you earn over the life of the bonds? $ 5.25 Goldman Sachs 3 6.15 Verizon 8 5.15 Wells Fargo If you spent $40,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ 7 3.50

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