What is the cost of the bond?
When you see that a bond was purchased "at 92", this means that the bond was purchased for 92% of the face value. Sometimes the bond purchaser will pay more than the face value (purchased a number greater than 100), generally if the interest rate is higher than the market rate.
The cost of one bond, then, is 92% of 1,000, or $920.
Since there are 6 bonds, the total cost is 920 x 6 = $5520
What is the total annual interest?
The annual interest is the interest rate on the bond times the face value (not the cost of the bond).
The interest rate is 6.5%, so the annual interest on one bond is:
6.5% x 1000 = $65
6 bonds: $65 x 6 = $390
When we think of yield, we want to consider the real return on the bond. This is the annual interest earned divided by what the purchaser paid for it.
The purchaser paid $5520 for the bonds, and is earning $390.
390 ÷ 5520 = 7.06%.
Note that we can also calculate the return on one bond, rather than the total cost and interest of 6 bonds, and get the same result.
65 ÷ 920 = 7.06%
Answer:
7 to 3 is this answer
Step-by-step explanation:
if you noticed, with all the other ones they all have 3 : 7 in it. So by the process of elimination it's 7 to 3 that is different. I'll tell you why,
3 : 7, that is the ratio we have as an example. That's why it isn't the different one.
3 to 7, you say 3 : 7 as 3 to 7 to it still has the same ratio
3/7, this is how to type the fraction version of the ratio so it makes sense that it is the same one as 3 : 7.
7 to 3, if you haven't noticed yet, all of them has 3 : 7 as a counterpart. They are all the same but this one, this is 7 : 3 or 7 to 3. So with logic, this is the different ratio.
Answer:
x=-1,-2
Step-by-step explanation:
Multiply the given equation with (x+1) on both sides. We'll get,
x+2/x=-3
or,x^2+2=-3x
or,x^2+3x+2=0
or,x^2+2x+x+2=0
or,x(x+2)+1(x+2)=0
or,(x+2)(x+1)=0
or,x=-2,-1
The absolute value of 0.6 is 0.6 beacause its the same thing
