Three years ago you purchased a Kraft Heinz corporate bond that pays 5.500 percent annual interest. The face value of the bond is $5,000. What is the total dollar amount of interest that you received from your bond investment over the three-year period? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total interest

Three years ago you purchased a Kraft Heinz corporate bond that pays 5.500 percent annual interest. The face value of the bond is $5,000. What is the total dollar amount of interest that you received from your bond investment over the three-year period? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total interest

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter6: Bonds (debt) - Characteristics And Valuation

Section: Chapter Questions

Problem 5PROB

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