The domain is all real numbers. (-infinity, infinity)
You can put any real number x value into the function.
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
Answer;
7.77
Step-by-step explanation:
Answer:
Dividing each part into 10 and then summing the results up, is equivalent to dividing 89.5 into 10.
Step-by-step explanation:
This example refers to the Distributive Property of the division, which is valid when the dividend is decomposed.
A simple example could be: 400 ÷ 10 = (200 ÷ 10) + (200 ÷ 10)
In the exposed example we know that 89.5 = 80 + 9 + 0.5.
(80/10) + (9/10) + (0.5/10) =
8 + 0.9 + 0.05=
8.95
89.5/10 = 8.95
Answer:
Rate of change = 75%
Step-by-step explanation:
Given:
First value (V1) = 4
Final value (V2) = 7
Find:
Rate of change.
Computation:
⇒ Rate of change = [(V2 - V1) / V1]100
⇒ Rate of change = [(7 - 4) / 4]100
⇒ Rate of change = [(3) / 4]100
⇒ Rate of change = [0.75]100
Rate of change = 75%
