Answer:
The gain is of $17.50
Step-by-step explanation:
When you buy the bond the exchange rate is $1.50 = £1.
You pay £45 = =$67.50 for the British bond.
No, you sell the bond for £50 and the exchange rate is $1.70 = £1.
So, you earned dollars
Your gain is = $17.50
Answer:
Step-by-step explanation:
Parallel lines have the same slope. The slope of the given line is 3. The easy way to do this, the one that uses our logical brains as opposed to our mathematical brain, tells us that since there is only one choice that has a given slope of 3, that is the one that we want. The second choice down is the only one that has a slope of 3.
Mathematically,
and
and
so
y = 3x - 7 (the second choice)