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denis23 [38]
3 years ago
8

A $10,000 Fargo Municipal bond at 102.5 pays 5% interest. Find the annual yield.

Mathematics
2 answers:
galben [10]3 years ago
7 0
Hello,

The formula for annual yield is annual interest/bond cost.

So annual interest would be % of interest times 10k in this case 10000(0.5)

Annual Interest is 500.

Bond cost is out of 100%. Bond price here is 102.5 (1.025%)(10000) = 10250

So your annual yield would be around <span>500/10250.

Thanks,</span>
larisa [96]3 years ago
3 0

Answer:

4.878%

Step-by-step explanation:

Given that a $10,000 Fargo Municipal bond at 102.5 pays 5% interest. Find the annual yield.

Interest revenue gained = 10000*5%

=500 dollars

AMount invested initially = 10250

Hence yield rate = \frac{500}{10250} *100\\=4.878%

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