xGAssume thet 10 yeasC Solved: Cakulating Yield x Connect C Secure | https://new

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xGAssume thet 10 yeasC Solved: Cakulating Yield x Connect C Secure | https://newconnect.mheducation.com/flow/connect.html : Apps welcome, Aaron- (1) WhatsApp web D ADF A rays Corp. Pilot Stage 2 Check F Q Private Pilot STAGE 2 Q Private Staga 2 Exam Q Private Pilot Stage 2 Q Prvate Pilot Chapter Q leppesen Pri ate Homework-Chapter #15 Saveo Help Save & Exit Submit Check my work 2 Calculate the interest amount and current yield for the following $1,000 bonds. (Round your interest amount answers to 2 decimal places. Enter the current yield answers as a percent rounded to 2 decimal places.) 6.67 Rate Market Value Curront Yiold 1,080 1,180 970 6 40% 5.50% Print Prey 20115 Next> 0 Type here to search 532 FM 12/15/2017

Explanation / Answer

Interest rate Interest Amount Current market value Current yield 6.4% (1000*6.4%)=$64 1080 (64/1080)=5.93% 5.5% (1000*5.5%)=$55 1160 (55/1160)=4.74% 5.1% (1000*5.1%)=$51 970 (51/970)=5.26%

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