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Author Question: Suppose that you own a bond with a coupon rate of 8 and currently selling at a premium of 101.75. ... (Read 146 times)

stevenposner

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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?


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aruss1303

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

10,500


stevenposner

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

shewald78

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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