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Author Question: Edna Russett purchased an Apex Industries bond currently selling at a premium of 118.50. The coupon ... (Read 62 times)

Shelles

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on: Jun 24, 2018
Edna Russett purchased an Apex Industries bond currently selling at a premium of 118.50. The coupon rate was 8.125. What was the current yield? (Round to the nearest tenth of a percent)

Question 2

In describing investments and loans, the stated interest rate is known as the ___________________ _ or ___________________ _ rate.
 Fill in the blank(s) with correct word


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SamMuagrove

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

6.9

Answer to Question 2

annual, nominal/nominal, annual


Shelles

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

ricroger

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

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