The following table lists several corporate honds issued during the second quarter of 2015.Source: Financial Industry Regulatory Authority (www.finra.org)Company AT&T Bank of AmericaTime toMaturity 10(years)AnnualRate (%)GA3.40104.00General Electric Goldman SachsHow much interest would you earn over the life of the bonds?25.2536.15Verizon85.15If you spent $40,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.]Wells Fargo73.50

Given Data: If you spent $40,000 on AT&T bonds.

Company AT&T Bank of America Time to Maturity (years) Annual Rate (%) 10 3.40 10 4.00 General Electric 2 How much interest would you earn over the life of the bonds? $ 5.25 Goldman Sachs 3 6.15 Verizon 8 5.15 Wells Fargo If you spent $40,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ 7 3.50