BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Lalia Herrera purchased a $5, 000 bond at the quoted price of 81. The bond paid interest at a rate of 6 percent. What is the annual yield?
A
6.59%
B
9.86%
C
7.34%
D
7.89%
Explanation: 
There is 1 question to complete.
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