Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.
<h3>What is the price of the bond five years from now?</h3>
The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.
Yield to matuity can be determined using a financial calculator:
Cash flow in year 0 = -875
Cash flow each year from year 1 to 25 = 85
Cash flow in year 25 = $1000
Yield to matuity = 9.86%
Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]
Future price factor = [1 - (1/YTM)^n] / YTM
= [1 - 1/0.0986^20] 0.0986 = 8.595555
[85 x 8.595555 ] + 152.478323 = $883.10
To learn more about yield to maturity, please check: brainly.com/question/26484024
The number of terms in the expression given is; 2.
<h3>How many term are in the expression given?</h3>
It follows from the task content that the expression given is; (3x^2-3)(3x^2+3).
It therefore follows the converse of law regarding difference of two squares that the expression given can be rewritten as;
= 9x⁴ -9
Read more on difference of two squares;
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Answer:
$4.43
Step-by-step explanation:
10 bagels cost $3.69. 1 bagel costs $3.69/10=$0.369
12 bagels cost $0.369×12=$4.43
Answer:
5 hours
Step-by-step explanation:
Mark recieves 3mg per hour. This can be rewritten as y=3x. Cassie recieves 2x+5. To solve, use substitiution. 3x=2x+5. To solve, subtract "2x" from "3x." You then get x=5.
Measure 2 sides, then multiply them, and divide by 2.
