Among the 1018 respondents, 128 said that rising gas prices are "not at all annoying." what percentage of respondents said that
1 answer:
Answer: The percentage of respondents said that the gas prices are“Not at all annoying” are 12.57%
Explanation: There are 1018 respondents out of which 128 respondents said that the gas prices are “Not at all annoying”
Where, Number of respondents “Not at all annoying” = 128
Total Number of respondents = 1018
Percentage of the respondents = 128 ÷ 1018 * 100
Percentage of the respondents = 0.1257367 *100
Therefore, the percentage of respondents who said is not annoying is 12.57%.
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Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.
We have
Price of the Ferrari nine years from now (Future Value - FV) $215000
Expected Rate of return on the mutual fund (r) 10.8%
Time until I turn 30 (n) 9 years
We can calculate the Present Value (PV) or the money to be invested today as
Answer:
(a) Dollar price of the bond = Par value × Current price percentage
= $1,000 × 106.124%
= $1,061.24
(b) Bond's current yield:
Annual interest paid in dollars = Bond par value × Rate of interest
= $1,000 × 7.8%
= $78
= 0.0734
= 7.34%
(c) Issue price of bond is $1,000 and current maturity price is $1,061.24. Thus, bond price is greater than the par value.
(d) Current yield is the return on bond at current price. Yield to maturity is 6.588 % and current yield is 7.34%. Since the current price is more than the par value, therefore, YTM is lower than the current yield.