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]
What is x
First you use distributive property
60x+70=26
Next subtract 70 on both sides which gives you -44
60x=-44
Then you divide 60 into -44 which will give you -1.36__36 is repeathing
so X=-1.36 repeading
The value of the real life expression is, simple interest = $12.5
<h3>How to simplify this real life expression and show unit analysis?</h3>
The real life expression is given as:
simple interest = ($100) (0.05/year) (2.5 years
Divide 1 year by 1 year
simple interest = ($100) (0.05) (2.5)
Rewrite the equation as a product of factors
simple interest = ($100) * (0.05)* (2.5)
Evaluate the product of 0.05 and 2.5
simple interest = ($100) * 0.125
Evaluate the product of $100 and 0.125
simple interest = $12.5
Hence, the value of the real life expression is, simple interest = $12.5
Read more about expressions at:
brainly.com/question/723406
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Answer:
the answer is 3.75
Step-by-step explanation:
because 3/5 equal to 4/x. x=3.75