A bond has a dollar value of an 01 of .0748. What is the yield value of a 32nd?

Name: A bond has a dollar value of an 01 of .0748. What is the yield value of a 32nd?
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Question

Quizplus · Accepted Answer

To find the yield value of a 32nd, we need to multiply the dollar value of an 01 by 32.

0.0748 x 32 = 2.3936

Then, we divide the result by 100 to convert it to a percentage.

2.3936 ÷ 100 = 0.023936

Therefore, the yield value of a 32nd is 0.023936 or 2.3936%.

Out of the given options, the answer that's closest to 2.3936% is B) 0.4178.

A Bond Has a Dollar Value of an 01 of .0748