Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%.What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)? please help

Answer 1

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Answer 2

Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%.

What was the cost of the bond? $ 4750.00
What was the annual interest? $ 300.00
What is the yield (to nearest tenth of a percent)? 6.3 %