Answer:
$318
Step-by-step explanation:
The treasury bond is $10,000
The current yield is 3%
= 3/100
=0.03
It is quoted at 106 points
The first step is to calculate the price of the bond
Price of the bond= $10,000×106/100
= $10,000×1.06
= $10,600
Therefore the annual interest can be calculated as follows
Annual interest= $10,600×0.03
= $318
Hence the annual interest is $318
Answer: Answer is (D)
Step-by-step explanation:
I got the answer correct on Edg.
I’m not sure how to explain it but the answer is B
Use a calculator................
Answer:
p=4
Step-by-step explanation:
4p-3=13
4p=3+13
4p=16
p=4
