John Hendrix purchased a $5,000 bond at 120. The bond pays 7%.
What was the cost of the bond?
What was the annual interest?
What is the yield (to the nearest tenth of a percent)?
Use a thousands comma where applicable.
cost of the bond: $
annual interest: $
yield (to the nearest tenth of a percent):
la 2%

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?