Answer: I believe you answered your own question 21.
Step-by-step explanation: Logan will drive 7×3 or 21miles in 7 hours
<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: Santa's speed in still air is 6 miles per minute
Speed of the wind is 1 mile per minute
Step-by-step explanation:
Let x represent the speed of Santa in still air. It is assumed that in still air. She is flying with the wind. If the speed of the wind is y, then him total speed is x + y
It takes Santa 5 minutes to fly 35 miles with the wind.
Speed = distance / time
It means that
x + y = 35/5 = 7
It takes him 7 minutes to fly 35 miles against the wind. This means that his total speed will be x - y
Speed = distance/time. Therefore,
x - y = 35 /5 = 5 - - - - - - 1
Substituting x = 7 - y into equation 1, it becomes
7 - y - y = 5
-2y = 5 - 7 = -2
y = -2/-2 = 1
x = 7 - y = 7 - 1
x = 6