Answer:
After expanding the polynomial
we get 
Step-by-step explanation:
We need to expand the polynomial 
Multiply the terms:

So, after expanding the polynomial
we get 
Answer:
1
Step-by-step explanation:
you move the decimal to the right twice, so it goes from .01 to 1.00 if that makes sense :)
<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%