Mathematics, 02.11.2020 17:00 zmirandalove100
Sandra owns a bond issued by Animite Energy with a par value of $1,000. The bond pays 7.6% interest yearly and had a
market rate of 93.411 when Sandra bought it. If the current market rate of Animite Energy bonds is 102.382, what is the
current yield on Sandra's bond?
Answers
Answer from: flowersthomas1969
0.081
Step-by-step explanation:
For the calculation of the current yield on Sandra bond,
Annual interest of the bond = 7.6%
Current price of bond = 93.411
The current yield is equal to the annual interest earned divided by the current price of the bond.
The current yield on Sandra bond = Annual interest / Current price of bond
The current yield on Sandra bond = 7.6 / 93.411
The current yield on Sandra bond = 7.6 / 93.411
The current yield on Sandra bond = 0.0813608675637773
The current yield on Sandra bond = 0.081
Answer from: Quest
i wish i could u
step-by-step explanation:
i wish i could u
Answer from: Quest
the correct choice is marked
step-by-step explanation:
the first two graphs show multiple turning points. the last graphs matches the description in every detail.
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