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Business, 25.11.2021 14:00 iBrain

Cheryl wants to purchase a par value $500 bond from Agram Imports. Agram Imports bonds have a market rate of 102. 114 and offer 8. 1% interest. If Cheryl’s broker charges a commission of 2. 5% of the market value of each bond sold, what is the current yield on Cheryl’s bond? a. 0. 077 b. 0. 078 c. 0. 081 d. 0. 40.

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Cheryl wants to purchase a par value $500 bond from Agram Imports. Agram Imports bonds have a market...
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