Answer:
$800
Step-by-step explanation:
Based on the question, annual interest rate ($96) is equal to
bond price*0.06 + stock price*0.09
<em>where</em> bond price = 1200 - stock price
hence,
<u>(1200 - stock price)*0.06 + stock price*0.09 = 96</u>
1200*0.06 - stock price*0.06 + stock price*0.09 = 96
72 - stock price*0.06 + stock price*0.09 = 96
stock price*0.09 - stock price*0.06 = 96 - 72
stock price(0.09 - 0.06) = 24
stock price = 24/0.03
stock price = 800
The answer is shown above
That looks confusing
y = - 1/4 + 4
y = 4x - 7
Slope = 4
Slope of the perpendicular line = -1/4
Point (8,2)
(b) y-intercept: 2 - (-1/4)(8)
= 2 + 2 = 4
in total the company has 89,200 employees
