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Rina8888 [55]
2 years ago
6

Hyacinth buys a $10,000 face value bond for $9,250. If the interest rate on similar bonds rises by 2%, what is the approximate p

rice of the kind of bond that Hyacinth purchased?
Business
1 answer:
icang [17]2 years ago
5 0

Answer:

$9,435

Explanation:

If 100% of $10,000 face value gives the bond for $9,250

Then for 2% rise, that is, 102%  of the bond will purchase = 102 X $9.250/100 = $9,435

∴ The approximate price of bond purchased = $9,435

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<h3>What is collaborative approach?</h3>

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Find out more on the Dynamic system at brainly.com/question/16797306

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1 year ago
All of the following are necessary to calculate the total purchase price for a municipal bond traded on a yield basis in the sec
ahrayia [7]

Answer: The response options are wrong, those that correspond according to what I found on the internet are:

All of the following are necessary to calculate the total purchase price for a Municipal bond traded on a yield basis in the secondary market EXCEPT:

A. Coupon rate

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7 0
2 years ago
sing the preceding information, answer the following questions: (Note: Round your answers to the nearest millionth dollar.) • Wh
DedPeter [7]

Answer:

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4 0
3 years ago
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3 years ago
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Flura [38]

Answer:

Target heart rate.

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