(1.35)(27)= 36.45(0) = 0 (13) = 13
<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
= 
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%
Answer:
$20.64
Step-by-step explanation:
if you cut 61.92 in to thirds
61.92/ 3= 20.64
so if Sarah's friends payed 2/3 of the bill Sarah herself payed 1/3 which is $20.64