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Flura [38]
3 years ago
7

Rachael purchased a five year $4,750 bond below par value for $3,940 with a coupon of 2.9%. What was her yield?

Mathematics
2 answers:
Mashutka [201]3 years ago
4 0
Yield is given by:
current yield=(annual cash flow)/(market price)
annual cashflow(coupon)= 2.9/100×4750=137.75
market price of the bond= $3940
thus the yield will be given by:
137.75/3940
=0.03496
Ierofanga [76]3 years ago
4 0

Answer:

Her yield was 0.035 or 3.5%.

Step-by-step explanation:

Rachael purchased a five year bond = $4,750

Market value = $3,940

To calculate the bond yield, divide its coupon payment by the market value of the bond.

Coupon value = 2.9% of 4,750

= 0.029 × 4,750 = $137.75

Yield = Coupon (annual cashflow) / market value of the bond  

137.75 ÷ 3,940 = 0.0346 rounded to  0.035

Her yield was 0.035 or 3.5%

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Tom had 12 carrot sticks. Sue has 1/6 as many carrots as tom. How many carrot sticks does sue have
Dennis_Churaev [7]
The answer is 2.

1/6 times 2 equals 2/12

and 2 times 6 equals 12. So Sue has 2 Carrots.
6 0
3 years ago
Jim is enclosing a rectangular garden with 170 feet of fencing. The length of the garden is 10 feet more than twice it's width,
Hunter-Best [27]

Answer: Area = 1500 feet^2

Step-by-step explanation:

Jim is enclosing a rectangular garden with 170 feet of fencing. This means the perimeter of the rectangular garden =170 feet

Let length = x

Let width = w

The length of the garden,x is 10 feet more than twice it's width, w. This means

x =10+2w---------1

Perimeter = 2x+2w =170---------2

Putting equation 1 in equation 2,

2(10+2w) +2w= 170

20 + 4w +2w = 170

6w = 170-20=150

w = 150/6

= 25feet

Put w=25 in equation 1

x =10 +2×25= 10+50=60 feet

Area = length × width = x×w

= 60×25=1500feet^2

5 0
3 years ago
Rate of change between (2,11) and (8,14)
SCORPION-xisa [38]

Answer:

1/2

Step-by-step explanation:

the rate of change is = the change in y/ the change in x

if the points are (2, 11) and (8, 14)  

Rate of change = (14-11) / (8-2) = 3 / 6 = 1/2

8 0
3 years ago
Dan borrowed $750.00 from his brother who is charging him 8% simple interest. If Dan pays his brother back in 6 months, how much
Artemon [7]

Solution:

we are given that

Dan borrowed $750.00(=P) from his brother who is charging him 8% (=r)simple interest.

Dan pays his brother back in 6 months(=t).

we have been asked to find- how much does he have to pay back including the interest?

As we know that

(Simple \ Interest)SI=\frac{PRT}{100}

Substitute the values we get

SI=\frac{750*8*1/2}{100}= 30\\

Hence net payable amount is 750+30=$780


8 0
3 years ago
Read 2 more answers
Find the distance between 2 and -2.<br>A) -6<br>B) -4<br>C) 0<br>D) 4​
ioda

Answer:

4

Step-by-step explanation:

We can do this problem by doing the absolute value of the difference between 2 and -2.

2-(-2)=4. Absolute value of 4 is 4.

Hope this helped.

~cloud

6 0
3 years ago
Read 2 more answers
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