Answer:
Bond Price= 1,892.73
Step-by-step explanation:
Giving the following information:
Par value= 1,600
Cuopon= 1,600*0.045= 72
YTM= 3.2%
Number of years (n)= 19
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 72*{[1 - (1.032^-19)] / 0.032} + [1,600 / (1.032^19)]
Bond Price= 1,013.29 + 879.44
Bond Price= 1,892.73
Answer:
76
Step-by-step explanation:
22-3=19
19x4=76
Answer:
So, after 6 months, they both have the same number of coins.
Step-by-step explanation:
Jack has 56 coins
Jill has 80 coins
Jack collect 12 coins per month
Jill collect 8 coins per month
Let after m months, they both have the same coin.
56 + 12 m = 80 + 8 m
12 m - 8 m = 80 - 56
4 m = 24
m = 6
So, after 6 months, they both have the same number of coins.
Simplify brackets
10x - 4 = 8x + 14
Add 4 to both sides
10x = 8x + 14 + 4
Simplify 8x + 14 + 4 to 8x + 18
10x = 8x + 18
Subtract 8x from both sides
10x - 8x = 18
Simplify 10x - 8x to 2x
2x = 18
Divide both sides by 2
x = 18/2
Simplify 18/2 to 9
<u>x = 9</u>