Question
Lily Adams purchased a $1,000 bond at 70. The bond pays 4%
What was the cost of the bond?
What was the annual interest?
What is the yield (to the nearest tenth of a percent)?
(please only post of you know answer or at least will tell me how to get the answers on my own/ tell me the problem i would need to input into a calculator to get the answer.)
What was the cost of the bond?
What was the annual interest?
What is the yield (to the nearest tenth of a percent)?
(please only post of you know answer or at least will tell me how to get the answers on my own/ tell me the problem i would need to input into a calculator to get the answer.)