WILL MEDAL + FAN
A $1,000 TR Global bond at 80.5 pays 6% interest. Find the annual yield.

22.35%
6.5%
5.00%
7.45%

Question

WILL MEDAL + FAN
A $1,000 TR Global bond at 80.5 pays 6% interest. Find the annual yield.

22.35%
6.5%
5.00%
7.45%

anonymous · Answer

@Serenity74

serenity74 · Answer

No idea. Word problems aren't my strength if you gimme da formula I could figure it out for you?

anonymous · Answer

Bond Cost = Face Value × Percent
Annual Interest = Face Value × Interest Rate
Annual Yield = Annual Interest
                          Bond Cost

anonymous · Answer

The last one is Annual Interest over Bond Cost

serenity74 · Answer

Econ meh

anonymous · Answer

Business math.... Either way it's stupid

serenity74 · Answer

I think it's 1000 * 6.0 = something
something * 80.5 = annual yield

I think this is it???? Not so sure?

serenity74 · Answer

I tried, I am sorry if it didn't help you whatsoever :(

anonymous · Answer

No.. the answer is supposed to be a percent