Answer: B.98
Step-by-step explanation:
all you have to do is divide 1,176 by 12.
Answer: The correct answer is option C: Both events are equally likely to occur
Step-by-step explanation: For the first experiment, Corrine has a six-sided die, which means there is a total of six possible outcomes altogether. In her experiment, Corrine rolls a number greater than three. The number of events that satisfies this condition in her experiment are the numbers four, five and six (that is, 3 events). Hence the probability can be calculated as follows;
P(>3) = Number of required outcomes/Number of possible outcomes
P(>3) = 3/6
P(>3) = 1/2 or 0.5
Therefore the probability of rolling a number greater than three is 0.5 or 50%.
For the second experiment, Pablo notes heads on the first flip of a coin and then tails on the second flip. for a coin there are two outcomes in total, so the probability of the coin landing on a head is equal to the probability of the coin landing on a tail. Hence the probability can be calculated as follows;
P(Head) = Number of required outcomes/Number of all possible outcomes
P(Head) = 1/2
P(Head) = 0.5
Therefore the probability of landing on a head is 0.5 or 50%. (Note that the probability of landing on a tail is equally 0.5 or 50%)
From these results we can conclude that in both experiments , both events are equally likely to occur.
Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
Kevin makes $840 in 4 weeks.
how much he makes per day $42
(3.5* 12= 42)
How much he makes per week
(42*5=210)
