Check the pictures below.
make sure your calculator is in Degree mode, since the angles are in degrees.
make sure your calculator is in Degree mode, since the angles are in degrees.
T(t)T, left parenthesis, t, right parenthesis models the temperature (in degrees Celsius) in Windhoek, Namibia when it's ttt hou
1 answer:
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Answer:
5.8%
Step-by-step explanation:
Current yield = 6.1%
Face value of bond = $500
Market price of bond = $475
Let the original coupon rate be CR
Multiply both sides by 475
Cancel out the 475's from the top and bottom of the right side
Flip the sides
Divide both sides by 5000
Cancel out 50000 from the top and bottom of the left side
%
CR = 0.0579 * 100 [convert decimal into a percentage]
CR = 5.79 %
CR = 5.8% [rounded off to the tenth place]