Hal fritz purchased a $4,000 bond at 90. the annual interest is 5%. what was the cost of the bond? what was the annual interest? what is the yield (to nearest tenth of a percent)?
Hal Fritz Purchased A $4,000 Bond At 90. The Annual Interest Is 5%. What Was The Cost Of The Bond? What Was The Annual Interest? What Is The Yield (To Nearest Tenth Of A Percent)?
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Hal Fritz Purchased A $4,000 Bond At 90. The Annual Interest Is 5%. What Was The Cost Of The Bond? What Was The Annual Interest? What Is The Yield (To Nearest Tenth Of A Percent)?. 1 convert the percentage to decimal form: $4,000 multiplied by 0.90 equals $3,600.
SOLVED You find the following Treasury bond quotes. To calculate the from www.numerade.com
Since the bond was purchased at 90% of its face value, we can calculate the cost as follows: What is the yield (to nearest tenth of a percent)? Cost = face value × (percentage / 100) cost = $4,000 × (90 / 100)
What Was The Annual Interest?
90 divided by 100 equals 0.90. Cost = face value × (percentage / 100) cost = $4,000 × (90 / 100) The annual interest is 5%.
Cost Of The Bond = $4,000 Imes 0.90 = $3,600
1 convert the percentage to decimal form: Hal fritz purchased a $4,000 bond at 90. $4,000 multiplied by 0.90 equals $3,600.
The Annual Interest Is 5%.Weegy:
The annual interest is 5%. In summary, the cost of the bond was $3,600, the annual interest is $200, and the yield is approximately 5.6%. 2 multiply the face value by this decimal:
What Was The Cost Of The Bond?
Allen stewart purchased a $2,000 bond at 110. For instance, if another bond with the same annual interest of. Calculate the cost of the bond the bond was purchased at 90, which means 90% of its face value.
What Was The Cost Of The Bond?
What is the yield (to nearest tenth of a percent)? What was the annual interest? Hal fritz purchased a $4,000 bond at 90.