Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13
percent and the market's required yield to maturity on a comparable-risk bond is 12 percent. The value of the bond is $ nothing. (Round to the nearest cent.)
1 answer:
Answer:
$1,069.74
Explanation:
We use the present value formula which is shown in the attachment below:
Data provided in the question
Future value = $1,000
Rate of interest = 12%
NPER = 16 years
PMT = $1,000 × 13% = $130
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the value of the bond is $1,069.74
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Answer:
The speed of the car is 67.77 m/s and it is moving away from the observer.
Explanation:
The apparent frequency is given as
Here
o is the observer
s is the source which is car
v is the speed of sound = 343 m/s
f = true frequency emitted by the car (when stationary)
f ' = 0.835 f
so
The speed of the car is 67.77 m/s and it is moving away from the observer.