Answer:
Percentage change in price = 13.80%
Step-by-step explanation:
Given that:
Original price = £57.99
Decreased price = £49.99
Difference = Original price - Decreased price
Difference = 57.99 - 49.99
Difference = £8.00
Percent change = 
Percent change = 
Percent change in price = 13.80%
Hence,
Percentage change = 13.80%
Answer:
1.25 x 10^-8
Step-by-step explanation:
Answer:
The semi-annually compounded nominal rate at that time is 7%
Step-by-step explanation:
In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:
PV= FV/(1+r)^n
According to the given data we have the following:
PV=$167
FV=$1,000
n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52
Therefore, 167= $1,000/( 1+r)^52
167/$1,000 =1/(1+r)^52
0.167 =1/(1+r)^52
r =3.50%
Therefore, The semi-annually compounded nominal rate at that time=3.50%*2
The semi-annually compounded nominal rate at that time=7%
The semi-annually compounded nominal rate at that time is 7%
