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B88101 B88101
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8 months ago

Assume a bond sells at 87.55 (pays 8% interest). The total annual interest is $90 per bond. The total dollar cost for one bond is $874.40. Calculate the bond yield to the nearest tenth percent.

Note: Round to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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Ludacris2065Ludacris2065
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