Calculate the Missing Information, Rounding Dollars to the Nearest Cent

question 7

Short Answer

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: $\begin{array}{c}\begin{array}{lll}\\\underline{\text {Item}}\\\text { Raincoat }\end{array}\begin{array}{lll}\\\underline{\text {Cost}}\\\\\end{array}\begin{array}{lll}\\\underline{\text {Markup}}\\\$12.50\end{array}\begin{array}{lll}\text {Amount of}\\\underline{\text {Selling Price}}\\\$75.00\end{array}\begin{array}{lll}\text {Percent Markup}\\\underline{\text {Based on Cost}}\\\\\end{array}\end{array}$

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Definitions:

Coupon Bond

A type of bond that offers interest payments through periodic coupon payments to the bondholder and returns the principal at maturity.

Yields To Maturity

The total return anticipated on a bond if held until its maturity date, expressed as an annual rate.

Par Value

The nominal or face value of a bond or stock as stated by the issuer, which is often the amount paid out at maturity for bonds.

Increase In Value

The appreciation or upward adjustment in the price or worth of an asset over time.