Dericktopsom Dericktopsom
  • 09-01-2019
  • Mathematics
contestada

Monica has a $1000 bond with a 5.5% coupon. Monica purchased this bond for $1025. What is the yield of this new bond?

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smholmberg smholmberg
  • 09-01-2019

Answer:

Annual return on the bond is 1000*0.055 = $55 per year  

Yield = return/price = 55/1025 ≈ 0.0537 ≈ 5.4%


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itzelcoutino19 itzelcoutino19
  • 11-02-2020

Answer: the answer is 5.4% APEX

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