Think about the unit circle. It has a radius of 1 and is centered about the origin. So the minimum value for cos(x) is -1.
Answer:
The bond price today is $904.67 , while it is $918.00 in six months's time
Step-by-step explanation:
In calculating the price , I discounted the future cash flows of the bond by the discounting factor given as (1+r)^n, where n is the period of cash flow, r is the semi-annual rate of return at 7%.
The future cash flows are simply receipts of coupon interest and the principal at redemption.
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I would say zero because the other strings wouldn’t be able to touch it
Answer:
$13.75
Step-by-step explanation:
Just multiply the original price, $55, by 0.25, obtaining the sale price
0.25($55) = $13.75
A IS THE CORRECT ANSWER, IM PRETTY SURE.