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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 120 times)

drink

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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?


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lauravaras

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

15;

Answer to Question 2

4,233.06;


drink

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

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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