Question

Fred Salmon purchased six $1,000 bonds at 92. The bonds pay 6.5%.

7
What was the cost of the bonds?
What was the total annual interest?
What is the yield?

Answer 1

6.5% should be the answer of annual

Answer 2

if he bought 6 bonds at $1,000 each, then 6*1000

Explanation:

if the interest is 6.5%, then the annual interst is also 6.5%