Answer:
5.8%
Step-by-step explanation:
Current yield = 6.1%
Face value of bond = $500
Market price of bond = $475
Let the original coupon rate be CR


Multiply both sides by 475

Cancel out the 475's from the top and bottom of the right side


Flip the sides

Divide both sides by 5000

Cancel out 50000 from the top and bottom of the left side
%
CR = 0.0579 * 100 [convert decimal into a percentage]
CR = 5.79 %
CR = 5.8% [rounded off to the tenth place]
Answer:
3/14
Step-by-step explanation:
6/7 ÷ 4
Copy dot flip
6/7 * 1/4
Rewriting
6/4 * 1/7
Divide the top and the bottom of the first fraction by 2
3/2 * 1/7
3/14
3.84 meters because 2% of 48 is 0.96, 0.96*4, which is 3.84
Answer:
The area of the rectangle is 1222 units²
Step-by-step explanation:
The formula of the perimeter of a rectangle is P = 2(L + W), where L is its length and W is its width
The formula of the area of a rectangle is A = L × W
∵ The length of a rectangle is 5 less than twice the width
- Assume that the width of the rectangle is x units and multiply
x by 2 and subtract 5 from the product to find its length
∴ W = x
∴ L = 2x - 5
- Use the formula of the perimeter above to find its perimeter
∵ P = 2(2x - 5 + x)
∴ P = 2(3x - 5)
- Multiply the bracket by 2
∴ P = 6x - 10
∵ The perimeter of the rectangle is 146 units
∴ P = 146
- Equate the two expression of P
∴ 6x - 10 = 146
- Add 10 to both sides
∴ 6x = 156
- Divide both sides by 6
∴ x = 26
Substitute the value of x in W and L expressions
∴ W = 26 units
∴ L = 2(26) - 5 = 52 - 5
∴ L = 47 units
Now use the formula of the area to find the area of the rectangle
∵ A = 47 × 26
∴ A = 1222 units²
∴ The area of the rectangle is 1222 units²
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