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Fred salmon purchased six 1000 bonds at 92. the bonds pay 6.5%

User Erdos
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2 Answers

5 votes
I think that's what you mean
Fred salmon purchased six 1000 bonds at 92. the bonds pay 6.5%-example-1
User Ali Mohammadi
by
6.5k points
1 vote

Answer:

here's the correct answer for anyone else that needs it :)

Explanation:

cost of bonds $5,520.

total annual interest $390.00

the yield 7.1%

User Markus Winand
by
6.0k points
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