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

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 108 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jun 24, 2018
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
Reply #1 on: Jun 24, 2018
Answer to Question 1

15;

Answer to Question 2

4,233.06;


drink

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

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Prone position. Placement of bolsters under ankles and shoulders, head supported by face cradle. Prone position. Placement of bolsters under ankles and shoulders, head supported by face cradle.
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Outgroup role in relative rate test Outgroup role in relative rate test
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library