<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
=
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%
Answer:
hrs/house
Step-by-step explanation:
Rate is the amount of work done per unit of time;
Let Cara's rate = C
Let Jena's rate = J
C + J = 4 ------ i
Now;
Working alone:
Jena takes twice as long as Cara
J = 2C ---- i
How long does it take Cara to clean a house alone
C + J = 4
J = 2C
C + 2C = 4
3C = 4
C = hrs/house
Answer:
22.05
Step-by-step explanation:
3(x+5)=7-x3x+15=7-x4x=-8x=-2