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9 hundred thousand
8 ten thousand
7 thousand
1 hundred
6 ten
4 one
3 tenth
0 hundredth
2 thousandth
Answer:
6(d-5)
Step-by-step explanation:
i think this must be the equation
Answer:
The answer would be OA. PO and G) = 0.67
Answer:
current market price of the bond is $958.73
Step-by-step explanation:
given data
coupon rate = 5.74 percent
yield to maturity = 6.1 percent
bond matures = 20 years
future value = $1,000
solution
we get here PMT that is
PMT = 1,000 × 5.74% ÷ 2 ...............1
PMT = $28.70
and Number of Periods is
NPER = 20 years × 2 = 40 semi-annual periods
and here Rate of interest will be = 6.1% ÷ 2 = 3.05%
and we use here formula that is
= -PV(Rate;NPER;PMT;FV;type)
so we get
current market price of the bond is $958.73