If a 30-year $1000 bond with a quoted price of $810, pays $30 interest semiannually, what would the current annual yield be?
2007-12-09 02:18:12 · 5 answers · asked by brewfitzgerald2002 2 in Business & Finance ➔ Personal Finance
I am looking for a percentage rate, not a dollar ammount. I believe it is 7.4% but i want to be sure before proceeding
2007-12-09 02:26:15 · update #1
n=60
PV=810
PMT=30
FV=1000
i=3.8098
YTM (annual Yield)=3.8098 x 2=7.6195%
2007-12-09 03:29:50 · answer #1 · answered by T.J. McMillan 2 · 0⤊ 0⤋
I left the church shortly before I turned 19. As soon as I turned 18, the pushing started. I had an interview with my Bishop about marriage, and how it was important that I started looking. They transfered me to the singles ward right away. I was constantly being set up, even so far as people making bets on how long it would take me to get married (I guess you could say I;m fairly attractive). If my parents had missionaries over for dinner, jokes were cracked about them coming back to marry me. My Dad had even talked to me about being married before I turned 19. I hadn't even MET anyone yet! Not long after, I QUIT!! The pushing was the main factor at first. But, followed by a lot more and making me very firm in my decision. My family in fact did the same about a year later. Now, I have been dating my boyfriend of 2 and a half years, we live together, and are in the process of buying a house. My parents are now the last ones to push us towards marraige.
2016-05-22 07:31:51 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I think semi annual means twice a year so 60 dollars a year
2007-12-09 02:24:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
60 dollars a year
2007-12-09 02:26:06 · answer #4 · answered by Arif 3 · 0⤊ 0⤋
you are close -- just ove 7.6!!! which is a good rate!!!!
2007-12-13 00:53:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋