Bryan G.

asked • 01/29/17

Calculate treasury bond annual interest

Calculate the annual interest that you will receive on the describes Bond. A $1,500 treasury bond with a current yield of 2.6% that is quoted at 104 points. The annual interest is _______

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Serge M. answered • 01/29/17

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Professor of Accounting, retired. Ph.D., CPA

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The price of the bond is $1,500 * 1.04% = 1,560
You will earn 1,560 * .026 = 40.56 per year
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Jacquelyn N.

Surge thank you so much. U are my hero I love u. I have been struggling so hard w this problem. U are a gem. Thank you a million times. Have a blessed life. U deserve it.
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11/14/20

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