Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
Answer:
1/49
Step-by-step explanation:
You wrote the problem correctly. You just needed to multiply instead of add.
1/7*1/7=1/49
So the answer is 1/49.
Answer:
14 students walk
Step-by-step explanation:
40 total
22 girls
18 boys - 7 boys who cycle = 11 boys - 6 who take the bus. That leaves 5 boys who walk.
9 girls walk
5 + 9 = 14 total.
Answer:
-8.6363 the proper answer (estimated) is -8.66
