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
Hello! The answer to your question would be as followed:
The original number of cards + number of new cards per month * number of months; 112 + 5m; cards
It would be f(t)= 25^t+1
If you plugged in '2' as 't',
25^2+1= 15, 625 which uses the second day of the bacteria.
Hi!
To find the range of possible values of x, we have to side 1 from side 2...
7.1 - 5.6 = 1.5
The smallest side x could be is 1.5.
Now add side 1 to side 2
7.1 + 5.6 = 12.7
The biggest side x could be is 12.7
So x could be anywhere from 1.5 to 12.7 (or, 1.5 < x < 12.7)
Hope this helps! :)