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Allen Stewart purchased a $2,000 bond at 110. The bond pays 6%.

What was the cost of the bond?

What was the annual interest?

What is the yield (to the nearest tenth of a percent)?

Respuesta :

Aliwohaish12
2000*110/100=2200
2000*0.06=120
120/2200=5.45%
1. 2,200
2. 120
3. 5.5%

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