Ask a New Question

Joe McCain purchased 5 $1,000 bonds at 89. The bonds pay 6%.

What was the cost of the bonds? $4,450 ?

What was the total annual interest?

What is the yield?

2 answers

4450 is right.
Interest/year = 0.06 x 5000 = ?

yield = (300/4450)*100 =

Similar Questions

1. Fred salmon purchased six 1,000 bonds at 92. The bonds pay 6.5%What was the cost of the bonds? What was the total annual
1. 1 answer
what type of bonds are formed between the pure nitrogenous bases in a nucleic acidcovalent bonds hydrogen bonds ionic bonds
1. 1 answer
How many pi bonds and sigma bonds are in ritalin molecule?I counted 4 pi bonds and 18 sigma bonds is that correct? I know double
1. 1 answer
In what type of bonds do atoms join together because their opposite charges attract each other?(1 point)Responses ionic bonds
1. 1 answer

more similar questions