No
No
No
Yes
Yes
They have to be whole numbers
Answer:
D= 10 Dollars each month
Step-by-step explanation:
You find this answer by subtracting the one time fee of 20 from the total payed of 70, leaving you with 50. You then divide that 50$ by 5 months.
Answer:
Steps
-x/3 >5
Multiply both sides by 3
3(-x/3)>5.3
Simplify
-X> 15
Multiply both sides by - 1 (reverse the inequality)
(-x)(-1)<15(-1)
Simplify
X< -15
so C is the answer
Answer:
a. $849.45
Step-by-step explanation:
In the above question, we are given the following information
Coupon rate = 10%
Face value = 1000
Maturity = n = 20 years
t = number of periods = compounded semi annually = 2
Percent yield = 12% = 0.12
Bond Value formula =
C/t × ([1 -( 1/ 1 + r/t)-^nt ÷] r/t) +( F/ (1 + r/t)^nt)
C = coupon rate × face value = 10% × 1000 = 100
Bond value:
= 100/2 × ( [1 - (1 /1 + 0.12/2)^-20×2]÷ 0.12/2)+ (1000/( 1 + 0.12/2)^20×2
= 50 × ( [1 - (1 /1 + 0.06) ^40] ÷ 0.06) + ( 1000/ (1 + 0.06) ^40
= 50 × ( [1 - (1/ (1.06) ^40] ÷ 0.06 ) + (1000/(1.06)^40)
= 50 × 15.046296872 + 97.222187709
= $849.45
Bond value = $849.45