Belinda Herrera purchased a $5,000 bond at the quoted price of 94.125. The bond paid interest at a rate of 6%. What is the annual yield?

Answers

Answer 1
Answer:

Answer:

6.37%

Explanation:

Annual yield is the annual dividend yield of a bond.

Formula for annual yield = Annual dividend amount / Current price of the bond

Annual dividend amount = Annual interest rate * Face value

= 6% * $5,000

= $300

Current price = 94.125 means that the bond price is 94.125% of the Face value

Current price = 0.94125* 5000 = $4,706.25

Therefore, annual yield = 300/4,706.25 = 0.0637 or 6.37%


Related Questions

For the following right triangle 7, 9,x. find the side length x
What are the three roles of money in an economy
It has been said that there is no such thing as a sustainable strategic advantage. Do you agree? Why or why not?
What is a bran with 5 letters. And starts with l
Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of the second want to try more free market-based policies. Which of the following actions would likely occur in one but not the other industrializing economy?Conversion of farmland from agriculture to industryExport of surplus goods not consumed locallyInvestment in loans to support independent start-upsPayment of workforce based on units of production

What is a cvv on a credit card

Answers

Answer:

credit verification

Explanation:

Answer:

credit verfication number

Explanation:

Which central ideas does this poster include? Check allthat apply.
Citizens should buy victory bonds.
The United States was facing a threat.
Life could be difficult on the home front.
Americans should support the war effort.
The United States should not enter the war.

Answers

Answer:

A. Citizens should buy victory bonds.

B. The United States was facing a threat.

D. Americans should support the war effort.

Explanation:

Edge 2021

Answer:

What poster?

Explanation:

Chapter 2 Discussion QuestionMora Stanley is an aspiring entrepreneur and your
friend. She is having difficulty understanding the purposes of financial statements and how they fit together across time.
Required Write a one-page memorandum to Stanley explaining the purposes of the four financial statements and how they are linked across time.

Answers

the four financial statements  are: (1) balance sheets; (2)income statements (3) cash flow statements (4) statement  of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. income statements show how much money a company made and spent over a period of time.

Net income links to both the balance sheet and cash flow statement. In terms of the balance sheet, net income flows into stockholder's equity via retained earnings. ... In terms of the cash flow statement, net income is the first line as it is used to calculate cash flows from operations.

When sending a resume to companies without seeing a job opening, it's best to send the same ones outin mass so you get as much exposure as possible.

True
False

Answers

Answer:

True

Explanation:

True hope this helps

your reading material explains why wholesale clubs such as costco can sell items like canned tuna for less.the main factor comes down to what?is it delivery costs?

Answers

the main factor comes down to actually knowing what the actual price of the costo beans are. 


A _____ a written promise by one party to pay money to another party ?

Answers

Answer:

Promissory note

Explanation:

A promissory note is a written financial agreement to pay a specified party a certain amount of money, on-demand or at the stated date. The note is drafted by a borrower or the party that owes money to another person or an institution.  A promissory note is an acknowledgement of debt and a commitment to pay.

A promissory note must provide details of the debts owed such as the total amount, interest payable and a schedule of payments if applicable. The maker must sign the promissory note. A promissory note can be used to finance business operations from institutions or individuals other than the banks.

Promissory notes are unconditional: they do not specify a recourse should the drafter fail to honor payments.

Answer:

Lease or contract

Explanation:

A lease is a promise to pay an owner for rent but a Contract is a Promise to pay another person.