Answer:
Price of bond = $ 924.50
Explanation:
<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>
Value of Bond = PV of interest + PV of RV
The price of the bond can be worked out as follows:
Step 1
PV of interest payments
annul interest payment = 6.4 % × 1,000 = 64
Annual yield = 7.5%
Total period to maturity (in years) =10
PV of interest =
64 × (1- (1.075)^(-10)/)/0.075= 439.30
Step 2
PV of Redemption Value
= 1,000× (1.075)^(-10) =
485.19
Step 3
Price of bond
439.30 + 485.19 =$924.49
Price of bond = $ 924.50
Answer:
If the price elasticity of demand for apples is 0.6, then a 5.0% increase in the price of apples will decrease the quantity demanded of apples by 3.0%, and apples sellers' total revenue will increase as a result.
Explanation:
The person who is using his parietal lobe is Al.
The parietal lobe has two main function according to its region. The first function is to receive and process sensory information from all parts of the body while the second is to interpret visual information as well as processing language and numerical inputs.
As described in the question, Al is trying to determine whether the shower is hot enough, which means that he is using his parietal lobe to do so.
<span>A.
constructive direction.</span>