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Author Question: A home having an annual tax bill of 1,500 was sold at the end of the sixth month of the taxable ... (Read 63 times)

formula1

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on: Jun 24, 2018
A home having an annual tax bill of 1,500 was sold at the end of the sixth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?

Question 2

An investor bought a 9 bond at 88 . The bond would mature in 6 years. Compute the rate of yield to maturity. (Do not consider commission. Round answer to two decimal places.)


vboyd24

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

750

Answer to Question 2

11.7


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