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3 years ago

Monica has a $1000 bond with a 5.5% coupon. Monica purchased this bond for $1025. What is the yield of this new bond?

Mathematics

2 answers:

sashaice [31]3 years ago

8 0

Answer: the answer is 5.4% APEX

arsen [322]3 years ago

6 0

Answer:

Annual return on the bond is 1000*0.055 = $55 per year

Yield = return/price = 55/1025 ≈ 0.0537 ≈ 5.4%

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Step-by-step explanation:

Given

$P(A) = 0.78$

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Required

Determine $P(A\ n\ B)$

From laws of probability, we have:

$P(A\ n\ B) = P(A) + P(B) - P(A\ u\ B)$

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