ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Denise purchased a $1000 bond at the quoted price of 89 and 3/4. The bond pays interest at a rate of 4 and 3/4%. What is the annual yield?
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5.35%
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5.5%
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5.29%
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None of the above
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Explanation:
There is 1 question to complete.