Find the length of MN by setting up a ratio:
Let MN = X
X/18 = 5/6
Cross Multiply:
6x = 90
Divide both sides by 6:
x = 15
Now you know MN add it to LM for the total length of LN:
15 + 5 = 20
A mixed fraction... is made out of a whole number and a fraction. 3 7/10
<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%