Answer:
The semi-annually compounded nominal rate at that time is 7%
Step-by-step explanation:
In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:
PV= FV/(1+r)^n
According to the given data we have the following:
PV=$167
FV=$1,000
n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52
Therefore, 167= $1,000/( 1+r)^52
167/$1,000 =1/(1+r)^52
0.167 =1/(1+r)^52
r =3.50%
Therefore, The semi-annually compounded nominal rate at that time=3.50%*2
The semi-annually compounded nominal rate at that time=7%
The semi-annually compounded nominal rate at that time is 7%
29 is the answer. 32 can be divided by , 42 can also, and 15 can be divided by 5.
X=38, y=76
2x+y=76
2x+(0)=76
2x/2=76/2
x=38
2x+y=76
2(0)+y=76
y=76
I think so but if not goodluck to u :)
