好的，last year, a certain bond with a face value of $5,000 yield 8% of its value in interest. If that interest was about 6.5% of bond's selling price, what was bond's selling price?
The cash interest payment are $400, 8% of the bond's face value. $400 accounted for 6.5% of its selling price last year. The selling price should be 400/6.5% = $6154
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发表于 2009-1-24 21:28:00
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