Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.
<h3>What is the price of the bond five years from now?</h3>
The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.
Yield to matuity can be determined using a financial calculator:
Cash flow in year 0 = -875
Cash flow each year from year 1 to 25 = 85
Cash flow in year 25 = $1000
Yield to matuity = 9.86%
Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]
Future price factor = [1 - (1/YTM)^n] / YTM
= [1 - 1/0.0986^20] 0.0986 = 8.595555
[85 x 8.595555 ] + 152.478323 = $883.10
To learn more about yield to maturity, please check: brainly.com/question/26484024
To solve this, multiply the 26 turtles by 4. The final answer will be 104 snakes. Brainliest? Hope this helped!!
X+(x+18)=$56
56-18=38
38/2=19
She spent $19 on accessories
19+18= $37 on clothes
$37+$19=$56
Step-by-step explanation:
if I understand this right, then you need paint and additional supplies.
but I don't see any information indicating how many gallons of paint I will need.
so, I can go only with the 1 gallon specified.
so,
1×30 + 60 = $90
we can save $45 per month.
then we need
90 / 45 = 2
months to have enough money.
please update the numbers to how many gallons you really need, and then take that result and divide it by the 45 savings per month.
To write
as a terminating decimal we will turn this fraction to a decimal. To do this we will divide the numerator by the deliminator and the result will be the decimal.Then we will check if it is a terminating decimal or repeating decimal. Lets do it:-
78 ÷ 25 = 3.12
3.12 is a terminating decimal. So,
as a terminating decimal is
3.12.Hope I helped ya!!
