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For the Given Bond, Whose Interest Rate Is Provided, Find $21,000\$ 21,000

Question 164

Multiple Choice

For the given bond, whose interest rate is provided, find the semiannual interest payment and the total interest earnedover the life of the bond.
- $21,000\$ 21,000 First Income Fund 17 -year bond at 3.975%3.975 \%


A) $41,737.50;$1,419,075.00\$ 41,737.50 ; \$ 1,419,075.00
B) $416.85;$14,172.90\$ 416.85 ; \$ 14,172.90
C) $417.38;$14,190.75\$ 417.38 ; \$ 14,190.75
D) $834.75;$14,190.75\$ 834.75 ; \$ 14,190.75

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