Calculate the annual interest that you will receive on the described bond. a $1500 treasury bond with a current yield of 6.0% that is quoted at 107 points

annual interest is $96.3

Explanation:

given data

bond = $1500

rate = 6%

quoted=107 points

to find out

annual interest

solution

we know current yield is here = interest / current value

so here

current value = 107 % × bond

current value = 107/100 × 1500

current value =  $1605

so

current yield = interest / 1605

and current yield = 6% = 6/100

so

interest / 1605 = 6/100

interest = 96.3

so annual interest is $96.3

answer; that person may have a larger tax bill to pay on income taxes;

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o