Answer:
Price at issuance is $1,000 for both bonds.
Price of the 5 year bond after the market rate increased to 7.4% is:
PV of face value = $1,000 / (1 + 3.7%)⁸ = $747.77
PV of coupon payments = $27.50 x 6.81694 (PV annuity factor, 3.7%, 8 periods) = $187.47
Market price = $935.24
this bond's price decreased by 64.76/1,000 = 0.06476 = 6.48%
Price of the 10 year bond after the market rate increased to 7.4% is:
PV of face value = $1,000 / (1 + 3.7%)¹⁸ = $519.97
PV of coupon payments = $27.50 x 12.97365 (PV annuity factor, 3.7%, 18 periods) = $356.78
Market price = $876.75
this bond's price decreased by 123.25/1,000 = 0.12325 = 12.33%
Answer:
what is your question though? I don't understand
Check your stuff to see what you already have and what you need.To go around buying everything you want just because its pretty.
Answer:
I gotchu-
Explanation:
A responsibility is something you have to do or (at least) ought to do.
For example, it's the US Citizens responsibility to drive safely.
A right is something you are allowed to do or permitted to do. You have no obligation to exercise your right.
For example, it's the US Citizens right to vote during an election.
In conclusion, a responsibilty is something that the govt expects you to do, while a right is a privelege the govt gives you if you follow the laws.
P.S. To have rights, you must follow your responsibilities.
Hope this helped :)
