Amy purchased a five-year $5,250 bond below par value for $4,675 with a coupon of 3.5%. What was her yield? 3.9% 3.8% 3.5% 3.1% Tell me WHY you got it.

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asked Dec 5, 2018 93.1k views

1 vote

Amy purchased a five-year $5,250 bond below par value for $4,675 with a coupon of 3.5%. What was her yield?

3.9%
3.8%
3.5%
3.1%
Tell me WHY you got it.

Mathematics
college

Charlesthk asked

by Charlesthk

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1 Answer

3 votes

Answer:

3.9%

Explanation:

All I know is I got it wrong from the other answer, and it says 3.9% is the right answer.

Summerc answered Dec 10, 2018

by Summerc

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