If Bill Margin sells five bonds at 104.50, what amount will he receive? (Disregard commissions.)If the bonds pay 13% annually, what is the current yield to the nearest tenth percent?

Name: If Bill Margin sells five bonds at 104.50, what amount will he receive? (Disregard commissions.)If the bonds pay 13% annually, what is the current yield to the nearest tenth percent?
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Question

Quizplus · Accepted Answer

13% × $1,000 = $130; 104.5% × $1,000 = $1,045; $130/$1,045 = 12.4%.

If Bill Margin Sells Five Bonds at 104