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