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If the current yield of a bond goes down from 6.2% to 4.1%, by what percent does the market price increase ? Round your answer
If the current yield of a bond goes down from 6.2% to 4.1%, by what percent does the market price increase?
Round your answer to the nearest percent.
Suppose that 5 years ago, you purchased 294 shares of stock in a corporation. Between then and now, the stock had a 2:1 split and a 4:1 split. Today, each share sells for $15. If selling all of your shares today would give your investment an annual rate of return of 12%, what was the price per share when you made the purchase 5 years ago?
Round your answer to the nearest dollar.
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