The yearly interest of a bond is the face value of the bond: None of these Divid

Question

The yearly interest of a bond is the face value of the bond: None of these Divided by the stated yearly interest rate Plus the stated yearly interest rate Minus the stated yearly interest rate Times the stated yearly interest rate The yearly interest of a bond is the face value of the bond: None of these Divided by the stated yearly interest rate Plus the stated yearly interest rate Minus the stated yearly interest rate Times the stated yearly interest rate None of these Divided by the stated yearly interest rate Plus the stated yearly interest rate Minus the stated yearly interest rate Times the stated yearly interest rate

Explanation / Answer

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The stated interest rate of a bond is the annual interest rate that is marked on the face of the bond. Therefore the stated interest rate multiplied by the bond's face amount results in the annual amount of interest that must be paid by the issuer of the bond.

Correct option is last option i.e. "Times the stated yearly interest rate"

Solution

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