Calculate the annual interest that you will receive on the described bond. A ​$ 1000 Treasury bond with a current yield of ​3.99% that is quoted at  105 points Question content area bottom Part 1 The annual interest is ​$    enter your response here. ​(Round to the nearest cent as​ needed.))

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter11: Bond Pricing And Amortization (bonds)
Section: Chapter Questions
Problem 7R
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Calculate the annual interest that you will receive on the described bond. A ​$ 1000 Treasury bond with a current yield of ​3.99% that is quoted at  105 points Question content area bottom Part 1 The annual interest is ​$    enter your response here. ​(Round to the nearest cent as​ needed.))

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