The yield on the corporate bond of a face value of $1000 is 7.77%.
What is the percentage discount?
The percentage discount is the discount given on a product as compared to the given discount on 100 rupees.
Given, the face value of the bond is $1000.
Discounted price of the bond is $900.
Therefore, the fixed interest on the bond for that period will be
= $1000 × 7/100 = $70.
Now, the yield on that corporate bond = 70 × 100/900 % = 7.77% .
Hence, the yield on the corporate bond of a face value of $1000 is 7.77%.
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Answer:
Step-by-step explanation:
velocity of turtle = 5 feet / min
velocity of snail = - 11 feet / min
By using the formula of relative velcoity
the velocity of turtle with respect to snail is
V' = velocity of turtle - velocity of snail
V' = 5 - (- 11)
V' = 16 feet / min
Coordinates of N are (-55, 6)
