Ms. Finch is getting new carpet installed in her living room and hallway. The carpet will not be on the stairs. The cost of inst
allation is $12 per square yard. What is the total area and cost of where the carpet is being installed
1 answer:
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Answer:
Step-by-step explanation:
= (probability of entire face value paid*face value+probability of entire face value not paid*percent of face value paid*face value)/(1+discount rate)^years to maturity
probability of entire face value paid = 75%
face value = 1000
probability of entire face value not paid = 25%
percent of face value paid= 60%
discount rate = 15%
years to maturity = 3