If Bill Margin Sells Five Bonds at 104

question 137

Short Answer

If Bill Margin sells five bonds at 104.50, what amount will he receive? (Disregard commissions.)If the bonds pay 13% annually, what is the current yield to the nearest tenth percent?

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Definitions:

Virtues

Qualities considered morally good or desirable in a person, such as courage, justice, and wisdom.

Moral Sense

An innate or developed capacity to distinguish right from wrong and to feel empathy and duty toward others.

The Mean

In philosophy, particularly Aristotelian ethics, it refers to the desirable middle ground or moderation between two extremes.

Courage

The ability to do something that frightens one or the strength in the face of pain or grief.