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:
So the question is asking what is 6.2% of 1000? Then rounding our decimals?
Answer:
6.04%
Step-by-step explanation:
multiply the coupon rate with the face value, and divide with the purchase price
You might be interested in
The Answer is A) Burrito Bros
48*4=192mph
Answer is 192mph
Its c because 6*4 = 24
Thats how you find the area
62 is 50% of 124 (62*2=124)
Are the link help us I search but they didn’t help
