What is the cost of the bond?
When you see that a bond was purchased "at 92", this means that the bond was purchased for 92% of the face value. Sometimes the bond purchaser will pay more than the face value (purchased a number greater than 100), generally if the interest rate is higher than the market rate.
The cost of one bond, then, is 92% of 1,000, or $920.
Since there are 6 bonds, the total cost is 920 x 6 = $5520
What is the total annual interest?
The annual interest is the interest rate on the bond times the face value (not the cost of the bond).
The interest rate is 6.5%, so the annual interest on one bond is:
6.5% x 1000 = $65
6 bonds: $65 x 6 = $390
When we think of yield, we want to consider the real return on the bond. This is the annual interest earned divided by what the purchaser paid for it.
The purchaser paid $5520 for the bonds, and is earning $390.
390 ÷ 5520 = 7.06%.
Note that we can also calculate the return on one bond, rather than the total cost and interest of 6 bonds, and get the same result.
65 ÷ 920 = 7.06%
Answer:
well i dont know the options and is there a picture? but some advice is to see how many holes there are and that can help you find the answer
Step-by-step explanation:
Tell me if there is a picture or something else so i can help further :)
Answer:
The median number of injured players is 1.5
Step-by-step explanation:
The median is the number in the middle when arranged from least to greatest. As there are an even number of matches, we must add the two numbers in the middle and divide it by 2 in order to find the median number
Answer:
She spent $70.65.
Step-by-step explanation:
Represent the amount spent by x.
Then $22.50 - x = -$48.15.
Combining like terms, we get:
$22.50 + $48.15 = x, or
x = $70.65
She spent $70.65.
Answer:
A=314 feet
Step-by-step explanation:
