X-number
8x-20=15+x (subtract x)
7x-20=15 (then add 20)
7x=35 (then divide by 7)
I think you've got it from now, if not, just do 35 divided by 7. But go over the steps, so that you know how to do these types of questions.
Point-slope form is (y - y1) = m(x - x1) so just plug in your given info:
y - 2 = 3(x - 5)
so your answer is D!!
<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%
Question four should be -7, question five should be 99, and question six should be 56.