Fred Salmon purchased seven $1,000 bonds at 83. The bonds pay 6.5%.
What was the cost of the bonds?
A. $7,000
B. $5,810
C. $830
What was the total annual interest?
A. $65
B. $455
C. $377.65
What is the yield?
A. 7.8%
B. 7.1%
C. 6.5%
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