Biology Forums - Study Force

An investor bought a 9 bond at 88 . Compute the current yield. (Round answer to two decimal places.)

Q. 2

Daniel James lives in a state having a sales tax rate of 7. Daniel James crossed the state line into a state having a 4 sales tax rate to make a purchase in the amount of 4,564 . Compute the amount Daniel James saved in sales tax by purchasing in the neighboring state.

Q. 3

An investor bought an 8 bond at 106 . The bond would mature in 5 years. Compute the rate of yield to maturity. (Do not consider commission. Round answer to two decimal places.)

Q. 4

Paula Jacobs lives in a state having a sales tax rate of 8. Paula Jacobs crossed the state line into a state having a 3 sales tax rate to make a purchase in the amount of 5,743 . Compute the amount Paula Jacobs saved in sales tax by purchasing in the neighboring state.

Q. 5

Five 1,00 . bonds that pay interest at 9 semiannually on April 1 and October 1 were purchased July 10 at 92 . Calculate the total amount paid for the bonds. (Assume a 360-day year and a commission of 5 per bond.)

Ans. #1

10.23

Ans. #2

136.92

Ans. #3

6.6

Ans. #4

287.15

Ans. #5

4,750.00

Exactly what I needed for my quiz :D