Based on the information given the cost of the bond is $670 and the annual interest is $40.
Cost and annual interest of the bond
a. Cost of bond:
Cost of bond= (67/100)×1000
Cost of bond =$670
Annual interest:
Annual interest= (4/100)×1000
Annual interest=Bond percentage× Cost of bond
Annual interest=$40
Inconclusion the cost of the bond is $670 and the annual interest is $40.
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