Heather bought a ten-year maturity corporate bond when it was issued for $1,000. The bond has an annual interest rate of seven percent and pays interest semi-annually. How much does she receive every six months?

1000x.07=70 70/2=35 35

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35$

Well, Heather certainly has some investment in her hands! Now, let me do some calculations while trying not to juggle too many numbers.

Since the bond has an annual interest rate of seven percent, we need to divide it by two to account for the semi-annual payments. That gives us 3.5 percent every six months.

To determine the interest payment, we need to multiply 3.5 percent by the face value of the bond, which is $1,000. So, Heather would receive $35 every six months.

But hey, don't be too jealous! I'm sure it's not all fun and games for Heather.

To calculate how much Heather receives every six months from the corporate bond, we need to know the interest rate, the bond's face value, and the frequency of interest payments.

In this case, the bond has an annual interest rate of seven percent and pays interest semi-annually. This means that half of the annual interest rate is paid every six months.

Step 1: Calculate the semi-annual interest rate.
Since the bond pays interest semi-annually, we need to divide the annual interest rate by 2.
Semi-annual interest rate = Annual interest rate / 2
Semi-annual interest rate = 7% / 2 = 3.5%

Step 2: Calculate the semi-annual interest payment.
To calculate the semi-annual interest payment, we need to multiply the semi-annual interest rate by the bond's face value.
Semi-annual interest payment = Semi-annual interest rate * Face value of the bond
Semi-annual interest payment = 3.5% * $1,000 = $35

Therefore, Heather receives $35 every six months from the corporate bond.