Register
Chester has a par value $500 bond issued by Harris County. The bond pays 6.2% yearly interest, and has a current market rate of 98.626. If Harris County bonds had a market rate of 101.760 when Chester
145k views
0 votes
Chester has a par value $500 bond issued by Harris County. The bond pays 6.2% yearly interest, and has a current market rate of 98.626. If

Harris County bonds had a market rate of 101.760 when Chester bought it, what is the current yield on Chester's bond?
a. 0.061
b. 0.062
c. 0.063
d 0.031

User James Gilchrist
by
6.9k points

2 Answers

5 votes

Answer:

a.

0.061

Explanation:

User Kokanee
by
5.3k points
4 votes

Answer:

The answer is A - 0.061. Just had a test.

Explanation:

User Zack A
by
6.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
What is the measure of xyz
Link Copied!