7/9 is 77.7, as far as I know.
The yield on the corporate bond of a face value of $1000 is 7.77%.
What is the percentage discount?
The percentage discount is the discount given on a product as compared to the given discount on 100 rupees.
Given, the face value of the bond is $1000.
Discounted price of the bond is $900.
Therefore, the fixed interest on the bond for that period will be
= $1000 × 7/100 = $70.
Now, the yield on that corporate bond = 70 × 100/900 % = 7.77% .
Hence, the yield on the corporate bond of a face value of $1000 is 7.77%.
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Answer:
(-8/7 ; 5/7)
Step-by-step explanation:
5t + 1/2s = 3 - - - (1)
3t - 6s = 9 - - - - - (2)
Multiply (1) by 12 and (2) by 1
Add the result to eliminate s
60t + 6s = 36
3t - 6s = 9
____________
63t = 45
t = 45 / 63
t = 5/7
Put t = 5/7 in either (1) or (2) to obtain the value of s
3(5/7) - 6s = 9
15/7 - 6s = 9
-6s = 9 - 15/7
-6s = (63 - 15)/7
-6s = 48/7
s = 48/7 * - 1/6
s = - 8/7
