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Solve the Problem 3%3 \% When the Price Is $150\$ 150 What Price Is Necessary for a Yield Of Inversely

Question 283

Multiple Choice

Solve the problem.
-The yield on a bond varies inversely as the price. The yield on a particular bond is 3%3 \% when the price is $150\$ 150 . What price is necessary for a yield of 4.5%4.5 \% ? Round to the nearest cent, if necessary.


A) $9.00\$ 9.00
B) $111.11\$ 111.11
C) $100.00\$ 100.00
D) \$225.00

Correct Answer:

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