A student drops a penny from the top of a tower and decides that she will establish a coordinate system in which the direction o
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<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
=
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%
Tossing a coin is a binomial experiment.
Now lets say there are 'n' repeated trials to get heads. Each of the trials can result in either a head or a tail.
All of these trials are independent since the result of one trial does not affect the result of the next trial.
Now, for 'n' repeated trials the total number of successes is given by
where 'r' denotes the number of successful results.
In our case and
,
Substituting the values we get,
Therefore, there are 1352078 ways to get heads if a person tosses a coin 23 times.