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bija089 [108]
3 years ago
14

Consider the market for $200 bonds. If the price of the bond is $175, what is the interest rate on bonds

Business
1 answer:
Viefleur [7K]3 years ago
5 0

Answer:

14.3%

Explanation:

Interest rate = (par value of the bond / price of the bond ) - 1

(200/175) - 1 = 0.143 = 14.3%

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Q 9.26: Crawford Trucking plans to dispose of two trucks in 2018. They sell the first truck on January 2 and the second truck on
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