A study is done by a community group in two neighboring colleges to determine which one graduate's students with more math class
1 answer:
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<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:
Step-by-step explanation:
Sarah has $55
Her expenses are 3 shirts priced at $m each.
Total cost of 3 shirts at $m each would be the multiplication of each:
3 * m = 3m
The amount of money Sarah has left would be the total she had MINUS what she spent on 3 shirts. That would be:
Remaining Money = 55 - 3m