This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose that you own a bond with a coupon rate of 8 and currently selling at a premium of 101.75. ... (Read 139 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 24, 2018
Suppose that you own a bond with a coupon rate of 8 and currently selling at a premium of 101.75. What is the current yield? (Round to the nearest tenth percent)
 A) 7.9
  B) 9.1
  C) 8.5
  D) 8.9

Question 2

Jeff was charged 10 interest and paid 175 interest on a simple interest loan for 2 months from his bank. How much did he borrow?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

10,500


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 24, 2018
Excellent

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Directionality of the hydrogen bond Directionality of the hydrogen bond
Reactions 1 through 4 are necessary for the formation of each peptide bond. Reactions 1 through 4 are necessary for the formation of each peptide bond.
Formation of a peptide bond by a condensation reaction. Formation of a peptide bond by a condensation reaction.
Population growth and growth rate, 1950 - 2100 Population growth and growth rate, 1950 - 2100
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library