Question

A bond is sold at a face value of $200 with an annual yield of 3%. How much will the bondholder have received in payment from the bond issuer after the bond has reached its maturity date of one year?(1 point)
Responses

$406
406 dollars

$6
6 dollars

$206
206 dollars

$200
200 dollars

Answer 1

The bondholder will have received $206 from the bond issuer after the bond has reached its maturity date of one year.