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Mathematics 7 Online
OpenStudy (anonymous):

Heather purchased a five-year $4,500 bond below par value for $3,625 with a coupon of 2.7%. What was her yield? 3.2% 2.7% 3.4% 2.2%

OpenStudy (anonymous):

Her current yield is: 121.50 ÷ 3,625 = 0.0335 = 3.35% (rounded to 3.4%)

OpenStudy (anonymous):

where do you get the 121.50 from?

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