Answer:
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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%
Answer:
13 shirts
Step-by-step explanation:
First you try to find the amount for one shirt by dividing $12.90 by 3 which equals $4.30. Then you try to find the amount of shirts for $55.90 by dividing 55.90 by 4.30 which results into the final answer 13.