Sharmane P. answered • 07/04/19
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The price of the bond is $1,000 * 1.07% = 1,070
The annual interest is calculated as 1,070 * .052 = 55.64 per year
-Sharmane
Jessica S.
asked • 07/03/19A $1,000 treasury bond with a current yield of 5.2% that is quoted at 107 points. The annual interest is what?
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Brenda D.
07/05/19