Consider the bond (newly issued, issued on Nov 2013) for a country A: Face value $10 million Coupon rate 4.3% If this bond is purchased (in April 2014) at $9.02 million, instead of $10 million, the yield would be: Group of answer choices same as 4.3% greater than 4.3% less than 4.3%

greater than 4.3%

Explanation:

Given that

Face Value = $10 million

Current Price = $9.02 million

Coupon Rate = 4.3%

Coupon Payment  per annum = $10million  x 4.3% = $430,000 annually

Current yield = Annual Coupon Payment ÷ Current price of the bond

Current Yield = $430,000 ÷ 9,020,000 = 0.0476 =4.76% which is greater than 4.3%

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20