Mathematics, 26.02.2021 06:30 kingdrew27

Claire purchased a $1,500 bond at the quoted price of 87½. The bond paid interest at a rate of 5.5 percent. Find the annual yield to the nearest hundredth of a percent. Select one:
a. 17.14%
b. 15.91%
c. 5.50%
d. 6.29%

Answers: 2

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Claire purchased a $1,500 bond at the quoted price of 87½. The bond paid interest at a rate of 5.5 p...