Seudónimo Seudónimo

20-03-2017
Business

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Hal Fritz purchased a $4,000 bond at 90. The annual interest is 5%. What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)?

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Aliwohaish12 Aliwohaish12

20-03-2017

4,000×0.90=3,600
4,000×0.05=200
200÷3,600=0.056*100=5.6%

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SmurdaTeam SmurdaTeam

21-03-2017

1) $3,600
2) $200
3) 5.6%

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