The numbers are 13, 15, and 17. So 17 is the greatest number. Hope that helps!
22% since 100-78 is 22 so that is the percentage of numbers between 78 and 100
1/4 * 1/3 * 1/2 * 1/1 = 1/24 chance that all 4 letters are placed in the correct envelopes.
With the first envelope, there are 4 choices of letters, so the probability of picking the correct letter is 1/4.
With the second envelope, there are 3 remaining letters, so the probability of picking the correct letter is 1/3.
The same logic follows the the third and final letter.
<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%