Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24
Answer:
<h2>30 ft. tall</h2><h2 />
Step-by-step explanation:
ratio and proportion:
<u>20 ft. long</u> = <u> 4 ft. long</u>
x tall 6 ft. tall
4 (x) = 20 (6)
x = 120 / 4
x = 30 ft. tall
(3,0) and (0,9)
Slope= (9-0)/(0-3)= -3
Line equals Y= -3x+9
So to get your answer you would do 1.50 / by 5% change 5% into 0.05 so now you have 1.50/0.05 and get 30 so your answer is $30