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Mathematics 13 Online
OpenStudy (anonymous):

What is the rate of return on an $8500 bond purchased at $6500 with an 8% coupon?

OpenStudy (anonymous):

A 7.41% B 6.12% C 10.46%

OpenStudy (dumbcow):

is their a maturity date?

OpenStudy (anonymous):

No :/

OpenStudy (anonymous):

i know they gave me a formula for yield. its yeild = coupond amount/ price

OpenStudy (dumbcow):

ok then its 10.46% Face value = 8500 earns 8500*.08 = 680 per year 680/6500 = 0.1046

OpenStudy (anonymous):

OHHHH okay! thank you!

OpenStudy (dumbcow):

:)

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