<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
= 
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%
First you subtract 47 from both sides (-47 from 47 and -47 from 32)
Then you get -3x = -15
Divide -3 from -3x and -3 from -15
Leaving you with X = 5
Answer: .24
You get this by multiplying .75 by .32 or by dividing .32 by four and multiplying by 3
True is the answer of the day