Quarterly bond interest payment that scooter received

Reference no: EM13692500

Scooter wishes to sell a bond that has a face value of $996. The bond bears an interest rate of 9.52% with bond interest payable quarterly. Three years ago, $1,110 was paid for the bond. At least a 11.29% return (yield) on the investment is desired.

The quarterly bond interest payment that Scooter received is:

Reference no: EM13692500

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