Sal bought a $1000 bond that has a coupon rate of 7%. the bond will mature in 10 years. how much interest will he receive semiannually? a) $35 b) $70 c) $140 d) $700

Sal's 1,000 bond has a coupon rate of 7%, meaning he receives 7% of the face value in interest every year.

7% of 1,000 is $70. If he receives interest semiannually, he will receive half this amount twice per year. 
$70 divided by two is $35. 

Answer is A) $35

Ithink the answer is d.

This law is sometimes called the grouping property. as you can see, regardless of how the numbers are grouped, the answer is still 13. the associative law of multiplication is similar to the same law for addition. it says that no matter how you group numbers you are multiplying together, you will get the same answer.