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%
Answer:
S = ( 6, 12, 18, 24, 30, 36......)
T = ( 2, 4, 6, 8, 10, 12, 14, 16, 18......)
The expression that is equivalent to 4(x+2) is 4(x)+4(2)
Answer:
A: C=45h+30
B: C=$322.50
Step-by-step explanation:
A: We'll start with the equation for the total charge. Juan is saying he will pay a one time fee of $30, meaning there is 30 dollars added to what ever the hourly wage is. This can be represented by the +30. Now if "h" represents the variable for which the hourly wage will be calculated, and he pays $45 dollars per hour this will be represented as 45h. <em>As an example if I pay you 2 dollars per hour using the same variable "h", this would be represented as 2h. So if you worked for two hours you would get 4 dollars, this is proven by the fact the 2(2) (remeber im replacing the "h" with the hours you worked) obviously 2 times 2 is 4 proving my point. </em>This information will give you the equation you see above.
B: Onto solving for how much Juan will pay. Now you say youre supposed to have 9 answer but this can't be true. All you need to do is plug the hours given into "h" and solve the equation. It should look something like:
<u>C=45h+30</u>
<u>C=45(6.5)+30</u>
Im using a decimal because it should be clear 1/2=0.5
<u>C= 292.5+30</u>
45x6.5 always go with PEMDAS, we are multiplying first. Then add 292.5 plus 30
This results in the answer of:
<u>C=$322.50</u>
Answer:
See Explanation
Step-by-step explanation:
