Health Sciences homework help. A savings account pays interest at a rate of 3%, quarterly compounded. What is the effective annual rate of interest (EAR)? A Microsoft bond has 12 years to maturity. Every six months, the bond makes a coupon payment of $21. The bond has a par value of $1000, a yield to maturity of 4.7 percent. What is the price of this bond?

Don't use plagiarized sources. Get Your Custom Essay on

Health Sciences homework help

Just from $13/Page