Answer:
400+50+6
Step-by-step explanation:
456 means 400+50+6
rate of blowing balloons of Alexa = 15/20 = 0.75
rate of blowing balloons of Sara = 18/25 = 0.72
rate of blowing balloons of Shirley= 16/21 = 0.76
rate of blowing balloons of Sam = 12/23 = 0.52
from above calculation we concluded Shirley can blow balloons at the fastest rate!
Answer:
x= (5±√29)÷2
Step-by-step explanation:
Quadratic formula:
x= (-b±√b²-4ac)÷2a
Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
