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2 years ago

10

Lacy has a $1000 bond with a 6.2% coupon that she purchased for $1025. What is the yield of this bond? Round your answer to 2 de

cimal places.

2 answers:

Ede4ka [16]2 years ago

4 0

So the question is asking what is 6.2% of 1000? Then rounding our decimals?

Allisa [31]2 years ago

3 0

Answer:

6.04%

Step-by-step explanation:

multiply the coupon rate with the face value, and divide with the purchase price

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