How much would andy receive in interest each year

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Problem 1: Andy purchased a 10-year 20000, annual bond for 18200. if the current yleld on the bond is 7.69%, how much would Andy receive in interest each year?

A. $1273
B. $1400
C. $1538
D. $1800

Problem 2: Samuel purchased a 120-day U.S. treasury bill that had a yield of 2.25% and a maturity value of $100000. what is the purchase price of samuel's treasury bill?

A. $97750.00
B. $99000.00
C. $99256.00
D. $99266.00

Reference no: EM132901267

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