Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
Answer:
The mode is the least used of the measures of central tendency
Step-by-step explanation:
Answer:
y = 14
Step-by-step explanation:
First find the slope of the line. To find the slope of the line, use the slope formula:
The slope of the line is 2.
Repeat this same process instead with points (1,4) and (6,y). Substitute m = 2.
So y = 14.
Answer:
Step-by-step explanation:
The applicable rules of exponents are ...
- (a^b)(a^c) = a^(b+c)
- a^-b = 1/a^b
