Answer:
35
Step-by-step explanation:
35 is the number being divided
Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.
<h3>What is the price of the bond five years from now?</h3>
The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.
Yield to matuity can be determined using a financial calculator:
Cash flow in year 0 = -875
Cash flow each year from year 1 to 25 = 85
Cash flow in year 25 = $1000
Yield to matuity = 9.86%
Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]
Future price factor = [1 - (1/YTM)^n] / YTM
= [1 - 1/0.0986^20] 0.0986 = 8.595555
[85 x 8.595555 ] + 152.478323 = $883.10
To learn more about yield to maturity, please check: brainly.com/question/26484024
Step-by-step explanation:
Let grandson's age be x.
Let grandpa's age be y {equation : y = 8+5x}
so,
x + y = 88
or, x + 8+ 5x = 88 (substituting the value of y)
or, 6x + 8 =88
or, 6x = 88-8
or, 6x = 80
or, x = 80/6
so, x = 13.33
so grandson's age = 13.33
grandpa's age = 8 + 5x = 8 + (5×13.33) = 74.65 yrs
Answer:
Correct
Step-by-step explanation:
When you type 1/3 into a calculator it should give you something along the lines of .333333334. If you continue to round, eventually you will get 1.
