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Problem

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question

What is the effective yield of a 1,000bond,maturinginoneyear,andpurchasedfor1,000 bond, maturing in one year, and purchased for 960, if it earns a nominal annual interest rate of 6% ? Give answer to nearest (1 / 10)% .
Plain-text mathematical notation (without MathML)
What is the effective yield of a 1,000bond,maturinginoneyear,andpurchasedfor960, if it earns a nominal annual interest rate of 6% ? Give answer to nearest (1 / 10)% .
Original LaTeX notation
What is the effective yield of a $1,000 bond, maturing in one year, and purchased for $960, if it earns a nominal annual interest rate of 6% ? Give answer to nearest (1 / 10)% .

category

business

options

  1. 9.6%
  2. 5.0%
  3. 11.7%
  4. 8.0%
  5. 7.5%
  6. 10.4%
  7. 4.2%
  8. 6.4%
  9. 12.5%
  10. 6%

src

stemez-Business

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