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Corporate bonds david owns 20000 worth of 10-yr bonds of


Question: CORPORATE BONDS David owns $20,000 worth of 10-yr bonds of Ace Corporation. These bonds pay interest every 6 mo at the rate of 7%/year (simple interest). How much income will David receive from this investment every 6 month? How much interest will David receive over the life of the bonds?

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Mathematics: Corporate bonds david owns 20000 worth of 10-yr bonds of
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