If Bill Margin sells five bonds at 104.50, what amount will he receive? (Disregard commissions.) If the bonds pay 13% annually, what is the current yield? a. What amount will he receive?b. What is the current yield? (Round your answer to the nearest tenth percent.)
Fill in the blank(s) with the appropriate word(s).
$5,225; 12.4%
5 × $1,045 = $5,225
$130/$1,045 = 12.4%.
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