Problem 1: Three years ago you purchased a Heinz corporate bond that pays 4.800 percent annual interest. The face value of the bond is $10,000. What is the total dollar amount of interest that you received from your bond investment over the three-year period?
Problem 2: Assume you own shares in Honeywell Inc. and that the company currently earns $4.70 per share and pays annual dividend payments that total $4.05 a share each year. Calculate the dividend payout for Honeywell.
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