A $1,000 TR Global bond at 80. 5 pays 6% interest. Find the interest. (Hint: Remember that a bond price of 90 on a $1,000 bond means that the bond sells for 90% of $1,000, or $900. )

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05-12-2022
Mathematics

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A $1,000 TR Global bond at 80. 5 pays 6% interest. Find the interest. (Hint: Remember that a bond price of 90 on a $1,000 bond means that the bond sells for 90% of $1,000, or $900. )

Sagot :

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A $1,000 TR Global bond at 80. 5 pays 6% interest. Find the interest. (Hint: Remember that a bond price of 90 on a $1,000 bond means that the bond sells for 90% of $1,000, or $900. )

Sagot :

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