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OpenStudy (studybuddie):
find the yield, to the nearest tenth %, on a $1,000, 11.5% bond bought at 106.
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OpenStudy (wolf1728):
Need more information. How long will the bond be held? Bought at 106 meaning what?
OpenStudy (studybuddie):
idk @wolf1728 that's all it say its a solve probloem
OpenStudy (wolf1728):
It can't be solved with that little information. You will get completely different answers if the bond were held for 1 year, 2 years, 5 years, etc.
OpenStudy (studybuddie):
idk thats all thats in the book man
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