Max has a $2000 bond with a 6% coupon. Max purchased this bond for $2050. What is the yield of this new bond?
2 answers:
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Answer:
1). x° + 100° + 120° + 100° = 360°
2). x = 40
Step-by-step explanation:
Formula for the sum of the interior angles of a polygon =
Where n = number of sides of the polygon
From the picture attached,
For n = 4,
Sum of the interior angles of the given polygon = (4 - 2) × 180°
= 360°
Therefore, equation for the sum of interior angles will be,
x° + 100° + 120° + 100° = 360°
x° + 320° = 360°
x° = 360° - 320°
x° = 40°