Monica has a $1000 bond with a 5.5% coupon. Monica purchased this bond for $1025. What is the yield of this new bond?
2 answers:
You might be interested in
X - the number of five dollar bills
y - the number of one dollar bills
She has 18 bills in total.
She has $62.
Set both expressions equal to each other:
She has 11 five dollar bills and 7 one dollar bills.
y - the number of one dollar bills
She has 18 bills in total.
She has $62.
Set both expressions equal to each other:
She has 11 five dollar bills and 7 one dollar bills.