Answer :
Hi
1) annual interest=1000×0.06=60
2) annual yield
((10,000×0.05)÷(10,000×1.025))×100
=4.9%
Hope it helps
1) annual interest=1000×0.06=60
2) annual yield
((10,000×0.05)÷(10,000×1.025))×100
=4.9%
Hope it helps
Answer:
the interest and the cost of the bond
Interest = $500.00; Cost of bond = $10,250.00
Step-by-step explanation: