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 116 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
Excellent

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol
Fusiform Face Area and Autism Fusiform Face Area and Autism
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
Peptides and the Peptide Bond Peptides and the Peptide Bond
A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August ... A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August ...
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library