6/10 - 1/2...common denominator is 10
6/10 - 5/10 = 1/10 <==
First, you would have to add d to both sides to get rid of it
x+d=ab+c/b
Then you would multiply b by both sides to get rid of the b in the denominator
x+d(b)=ab+c
After that, you would subtract c from both sides
x+d(b)-c=ab
Then you would divide both sides by a
x+d(b)-c=b
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a
Answer:
number 1 is correct
Step-by-step explanation:
Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24
#4.)
1/4 + 3/8 + 1/2 + 5/8 + 3/4
