Hello
the equation is y = ax+b
a the slop a = 4
y = 4x+b
the line <span>passes through (3, -10) : -10 = 6(3)+b
b = -28
</span>the equation is y = 6x-28
The yield on the corporate bond of a face value of $1000 is 7.77%.
What is the percentage discount?
The percentage discount is the discount given on a product as compared to the given discount on 100 rupees.
Given, the face value of the bond is $1000.
Discounted price of the bond is $900.
Therefore, the fixed interest on the bond for that period will be
= $1000 × 7/100 = $70.
Now, the yield on that corporate bond = 70 × 100/900 % = 7.77% .
Hence, the yield on the corporate bond of a face value of $1000 is 7.77%.
Learn more about percentage discount here:
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Just add 12 to -7, -7 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 10 11 12
Answer:
Step-by-step explanation:
360
