pageantperfectp1zglk pageantperfectp1zglk
  • 03-01-2018
  • Mathematics
contestada

Clarissa Finley purchased a $1,000 bond at a quoted price of 80.25. The bond pays interest at a rate of 6.5%. What is the annual yield?

Respuesta :

Ivka93
Ivka93 Ivka93
  • 14-01-2018
Clarissa Finley purchased a 1,000 bond at a quoted price of $80.25:
1000*80.25$=$80250
$80250:100%=$x:6.5%
100*x=80250*6.5, x=$5216.25
The annual yield is $5216.25.

Answer Link
melwillis18
melwillis18 melwillis18
  • 25-03-2021

Answer:

8.1 %

Step-by-step explanation:

Answer Link

Otras preguntas

How can discussions, projects, campaigns and events support victims of human rights violations
Could y’all pleaseeee help me?? I need help... will mark brainliest!!
The following are the ages (years) of 5 people in a room: 14, 14, 18, 18, 22 A person enters the room. The mean age of the 6 people is now 16. What is the age o
The table shows the ages of players on a football team. Age Frequency a) Work out the mean age of the team. Round your answer to 1 decimal place. 19 2. 20 3 21
is an interrogative pronoun
Determine the dimension of the vector space. M2,4 STEP 1:Determine the number of linearly independent vectors needed to span M2,4. The basis for M2,4 has ___
Determine whether the statement below is true or false. A function is increasing on an open interval I if, for any choice of x1 and x2 in I, with x1 < x2 we
Which two factors directly affect the price of a stock? coupon rate the company's business performance compound interest investor demand for the stock unemploym
If 50g of black lumpfish caviar is £3 how much is just 1g?
What helped to make the poem "Casey at the Bat" famous?