Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
220% is 2.20 in decimal form in fraction 2 1/5
Answer:
In triangle ABC and triangle CDA
AB=CD(given)
BC=DA(given)
AC=AC(common)
Thus triangle ABC and triangle CDA are congruent by SSS rule
Answer:
See below.
Step-by-step explanation:
1.) 5√6
2.) 6√2
3.) 3√7
To solve this without the use of a calculator, split the given number into a series of products (numbers multiplied) and look for pairs.
Look at the attached example of Problem 1 to get a better idea of what I mean.
