karymemelendez karymemelendez

21-06-2017
Mathematics

contestada

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

Respuesta :

Aliwohaish12 Aliwohaish12

21-06-2017

Hi there

Annual yield=annual interest÷bond cost

Annual interest=1,000×0.06=60

Bond cost=1,000×0.805=805

So
Annual yield=60÷805=0.0745×100
=7.45%

Good luck!

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