This topic contains a solution. Click here to go to the answer

Author Question: A 2,200 bond at a 10.9 interest rate is purchased at 70 of face value. What is the rate of annual ... (Read 110 times)

drink

  • Hero Member
  • *****
  • Posts: 554
A 2,200 bond at a 10.9 interest rate is purchased at 70 of face value. What is the rate of annual yield to the investor? Assume the bond is purchased on the interest date.

Question 2

Jennifer purchased 340 shares of stock at 12.15 per share. The commission is 2 for round lots and an additional 6 for odd lots. What is the total cost of the transaction?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

15;

Answer to Question 2

4,233.06;




drink

  • Member
  • Posts: 554
Reply 2 on: Jun 24, 2018
Excellent


meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

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?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library