Math

posted by .

Loretta Scholten buys nine bonds of Leo Co. 7 ¼ 16 at 103.375. The commission is $3.00 per bond. The current yield to the nearest tenth of a percent is:
7.0%
7.1%
7.2%
7.3%
None of these

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. financial management

    current yield for annual payments bonds have 25 years remaining to maturity. the bonds have a face value of $1000 and a yield to maturity of 7 percent. they pay interest annually and have a 11 percent coupon rate. what is their current …
  2. accounting

    Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is: A. 7 percent. B. 10 percent. C. 13 percent.
  3. math

    Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is: A. 7 percent. B. 10 percent. C. 13 percent.
  4. Finance

    Assume that you have a bond with a 22-year life, a five percent coupon rate, semi-annual coupon payments and the bond is priced at 103. a) What is the YTM b) if the bond is callable after 3 yrs, What is the YTC?
  5. Finance

    XYZ bonds have a 7.60 percent coupon and pay interest annually. The face value is $1,000 and the current market price is $1,062.50 per bond. The bond matures in 16 years. What is the yield to maturity?
  6. fin

    Which of the following statements is CORRECT?
  7. Finance

    Which of the following statments is CORRECT?
  8. consumer math

    Lily Adams purchased a $1,000 bond at 70. The bond pays 4%. What was the cost of the bond?
  9. consumer math

    Lily Adams purchased a $1,000 bond at 70. The bond pays 4%. What was the cost of the bond?
  10. business math

    On May 1, Emerson Fast bought 10 Manitoba On May 1, Emerson Fast bought 10 Manitoba Polar bonds with a coupon rate of 7.875%. The purchase price was $101. 375, and the commission was $8 per bond. Manitoba Polar bonds pay interest on …

More Similar Questions