You purchase 3000 bonds with a par value of 1000 for 980, Financial Management

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You purchase 3000 bonds with a par value of 1000 for 980

You purchase 3,000 bonds with a par value of $1,000 for $980 each. The bonds have a coupon rate of 7.2 percent paid semi annually, and mature in 10 years. How much will you receive on the next coupon date? How much will you receive when the bonds mature?

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Financial Management: You purchase 3000 bonds with a par value of 1000 for 980

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