Question 1) A stock that does not pay a dividend of which you buy 100 shares for $23.00 per share and sell the 100 shares for $25.00 a year later. You pay the $50.00 commission when you sell the securities.
Question 2) A 5-year bond you purchase for US$1,000 that pays a 7% coupon rate semiannually. You hold the bond until maturity.
Question 3) The current yield on a bond that is priced at 90 has a 6% coupon.