Three years ago, Tristan bought a 30-year, 5.45%, $1,000 bond. The bond pays interest semiannually. He wants to sell the bond af
ter receiving the sixth semiannual dividend.
a.) Similar bonds are being issued that pay 4%. What is Tristan’s bond worth today? (Round your answer to the nearest cent.)
b.) Similar bonds are being issued that pay 6%. What is Tristan’s bond worth today? (Round your answer to the nearest cent.)
a.) Similar bonds are being issued that pay 4%. What is Tristan’s bond worth today? (Round your answer to the nearest cent.)
b.) Similar bonds are being issued that pay 6%. What is Tristan’s bond worth today? (Round your answer to the nearest cent.)
1 answer:
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Answer:
The y-intercept point would be on the -5 of the y-axis while the x-intercept would be on the -5 of the x-axis.
hope this helps :)
Let's look at the picture, let's imagine that the gray line is the perimeter fence and that the red OR the blue is the one dividing it. We can see that the blue line is longer than the red one, so it will be advantageous, to have a bigger area, to have the dividing fence the smallest possible.
Let's say then that the width (W) is bigger (or equal) to the length (L), so we have:
The area is W*L, so we have
this function is a parabola facing down, its zeros are 0 and 80, therefore its maximum is when L=40
hence, L=40 and W=(240-120)/2=60
It will be a rectangle, measuring 60x40 and the divinding fence will be 40
Let's say then that the width (W) is bigger (or equal) to the length (L), so we have:
The area is W*L, so we have
this function is a parabola facing down, its zeros are 0 and 80, therefore its maximum is when L=40
hence, L=40 and W=(240-120)/2=60
It will be a rectangle, measuring 60x40 and the divinding fence will be 40