Register
What is the rate of return on an $8500 bond purchased at $6500 with an 8% coupoun?
215k views
0 votes
What is the rate of return on an $8500 bond purchased at $6500 with an 8% coupoun?

User MrSponge
by
8.5k points

1 Answer

3 votes
its 10.46% Face value = 8500 earns 8500*.08 = 680 per year 680/6500 = 0.1046
User Brg
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!