Answer:
Current yield = 5.46%
Step-by-step explanation:
Current yield is calculated by dividing the annual income (coupon) on the bond divided by the current price of the bond
Current yield = Annual coupon / Current price
In this case,
Face value or Par value = $7,600
Price of the bond = $7,373 (shows it is a discount bond since the price < FV)
Coupon rate = 5.30%
Next, calculate the Coupon payment in dollars;
Annual coupon PMT = Coupon rate * Face value
Annual coupon PMT = 0.053 * 7,600 = $402.8
Therefore, Current Yield = 402.8 / 7,373 = 0.05463
Current yield = 5.46%
Answer:
no
Step-by-step explanation:
9514 1404 393
Answer:
A. yes
Step-by-step explanation:
The diagonals of a rectangle are congruent and bisect each other.
The diagonals of a parallelogram bisect each other. If they are also congruent, then the parallelogram is a rectangle.
Answer:
The sum is close to 1/2
Step-by-step explanation:
1/4 = 7/28
2/7 = 8/28
7/28 + 8/28 = 15/28
14/28 = 1/2 and 15/28 is close to 14/28
The ratio expression is £ 1.00 : £0.64 = 100:64
= 25:16
