Answer:
The answer is 3
Step-by-step explanation:
6 / 2 = 3 9 / 3 = 3
Your answer is 3/8 .. your welcome ❤️
10.1666666667
Hope it helps
Answer:
Bond Price= 1,892.73
Step-by-step explanation:
Giving the following information:
Par value= 1,600
Cuopon= 1,600*0.045= 72
YTM= 3.2%
Number of years (n)= 19
<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= 72*{[1 - (1.032^-19)] / 0.032} + [1,600 / (1.032^19)]
Bond Price= 1,013.29 + 879.44
Bond Price= 1,892.73
Part 1
Total income per month = $3,500+$368.49 = $3,868.49
Total deductions = 7.65%+10.75%+8.35% = 26.75% = 0.2675
Net income = Total income - Deductions = Total deductions (1-0.2675) = $3,868.49 (1-0.2675) = $2,833.67
Part 2
Fixed expenses = $1,035.65 which is 36% of realized income.
Then, if realized income is 100%;
$1,035.65 ------------------ 36%
$ Realized income ----- 100%
Therefore,
Realized income = 1,035.65*100/36 = $2,876.81
