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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
Answer:
a.) May or may not a polynomial function ( depends on c)
b.) Not a polynomial function.
c.) Not a polynomial function.
d.) It is a polynomial function.
Step-by-step explanation:
A polynomial function is of the form - 
where n is positive integer and n
0
a.)
P(x) = 2x³ + 32 - 4x + 4c
It may or may not a polynomial function because we did not know about the constant c.
b.)
H(x) = 4
- 3x⁴
It is not a polynomial function because 
is not integer.
c.)
G(x) = 2
+ 5
It is not a polynomial function because -5 is not a positive integer.
d.)
F(x) = 2x³ - 5x + 33x²
It is a polynomial function.
Answer:
First, we are going to find the sum of their age. To do that we are going to add the age of Eli, the age Freda, and the age of Geoff:
The combined age of Eli, Freda, and Geoff is 40, so the denominator of each ratio will be 40.
Next, we are going to multiply the ratio between the age of the person and their combined age by £800:
For Eli:
For Freda:
For Geoff:
We can conclude that Eli will get £180, Freda will get £260, and Geoff will get £360.
Step-by-step explanation:
