tox bond 7.55 yields 11%. the bond traded at a low of 71.25 and closed today at 71.625 0.75. the closing price yesterday was:

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08-12-2022
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tox bond 7.55 yields 11%. the bond traded at a low of 71.25 and closed today at 71.625 0.75. the closing price yesterday was:

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ranjithgowdavt ranjithgowdavt · Answer 1 · 2022-12-19T08:24:23+01:00

TOX bond 7.55 yields 11%. The bond traded at a low of 71.25 and closed today at 71.625 + 0.75. The closing price yesterday was today's Price +/- Adjustment 71.625 - 0.75=70.875.

What is a bond?

A bond refers to a fixed-income instrument that represents a loan made by an investor to a borrower typically corporate or governmental. A bond could be thought of as an I.O.U. between the lender and borrower which includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations.

Owners of bonds are debtholders, or creditors, of the issuer.

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