Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.
<h3>What is the price of the bond five years from now?</h3>
The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.
Yield to matuity can be determined using a financial calculator:
Cash flow in year 0 = -875
Cash flow each year from year 1 to 25 = 85
Cash flow in year 25 = $1000
Yield to matuity = 9.86%
Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]
Future price factor = [1 - (1/YTM)^n] / YTM
= [1 - 1/0.0986^20] 0.0986 = 8.595555
[85 x 8.595555 ] + 152.478323 = $883.10
To learn more about yield to maturity, please check: brainly.com/question/26484024
We need the total count of persons = 10+12+12+15 = 49 persons
We need the count of the target group, female or teaching assistants
= (10+12) professors + 12 male teaching assistants
= 22+12
= 34 persons
Assuming equal probability of choosing anyone from the 30 persons, the
probability of choosing a professor or a male
= 34/49
(For probability calculations, try to keep a fraction for as long as you can, because fractions are exact. Decimal are frequently approximate, for example in this case, 34/49=0.693877551020...... = 0.694 approximately)
Oh boy, here we go again
First we must convert 1 2/3 to an improper fraction. By doing this, we get 5/3 (3/3 + 2/3)
So now we have 273 / 5/3
To divide this easier we can do something that when I learned it was called (keep, change, flip) which basically means keep the first fraction, change the sign from division to multiplication, and flip the second fraction
This now turns into: 273/1 * 3/5
Combine 273 and 3/5
273⋅3/5
Multiply 273
by 3
819/5
is your answer
Answer:
2.8
Step-by-step explanation:
ur welcome i hope this helps
