Mary just purchased a bond which pays $60 a year in interest. What is this $60 called?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter6: Building And Maintaining Good Credit
Section6.2: Three Ways To Set Your Own Debt Limit
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Mary just purchased a bond which pays $60 a
year in interest. What is this $60 called?
Transcribed Image Text:Mary just purchased a bond which pays $60 a year in interest. What is this $60 called?
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