There are 88 green marbles!
g=numGreenMarbles
b=numBlueMarbles
g+b=104
g=5b+8
b=104-g
g=5(104-g)+8=520-5g+8
g=88
Marcos is correct because 3x is not a like term to 7, since you cannot add them it’s already in its most simplified form and stays as 3x + 7.
Answer:
Current yield = 5.46%
Step-by-step explanation:
Current yield is calculated by dividing the annual income (coupon) on the bond divided by the current price of the bond
Current yield = Annual coupon / Current price
In this case,
Face value or Par value = $7,600
Price of the bond = $7,373 (shows it is a discount bond since the price < FV)
Coupon rate = 5.30%
Next, calculate the Coupon payment in dollars;
Annual coupon PMT = Coupon rate * Face value
Annual coupon PMT = 0.053 * 7,600 = $402.8
Therefore, Current Yield = 402.8 / 7,373 = 0.05463
Current yield = 5.46%
