Question 8 (3 points)
You purchased a bond with a face value of $11,500 and the bond is selling at 88.40. It pays 4.75% annual interest.

What was the Bond Cost?

How much Annual Interest is paid? (Round to 2 decimal places)

What is the Annual Yield for this Bond? (Round to 2 decimal places and include the % sign at the end)

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