Answer:
nmm
Step-by-step explanation:
m,bnmm
Answer:
Second one
Step-by-step explanation:
Second choice.
Second one is growing by a factor of 2 because the exponent on 2 tells me that 2 is is being repeated as a factor.
If x=0 then 15*2^0=15(1)=15 which is what we have initially.
Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24
Cos to 2 decimal places is -0.90
:)
