For the following bonds find a the cost of the bond b annual interest and...
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Algebra
For the following bonds find a the cost of the bond b annual interest and c the annual yield 1 Source GC Inc JFF LLC GIT ECE CO Face Value of Bond 10 000 1 000 10 000 5 000 Quoted Price Cost of Interest Bond Rate 70 25 a 96 00 a a a 104 00 104 375 3 00 2 50 5 25 4 75 Annual Annual Yield Interest b b b b C C C C 2 Barry Severes purchased a 25 000 Baltic Ridge School District bond at a quoted price of 105 7 The bond pays annual interest at a rate of 3 7 3 Lloyd Zion purchased an ITT 80 000 corporate bond at a quoted price of 96 622 The bond pays annual int
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