Answer:
3.60$
Step-by-step explanation:
if we bought 3 pens that would equal 1.20$ so we add 1.20$ to 2.40$ we get 3.60$
Answer:
Bond Price= $108,175.71
Step-by-step explanation:
Giving the following information:
Face value= $100,000
Coupon rate= 0.05/2= 0.025
YTM= 0.04/2= 0.02
Time period= 10*2= 20 semesters
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 2,500*{[1 - (1.02^-20)] / 0.02} + [100,000/(1.02^20)]
Bond Price= 40,878.58 + 67,297.13
Bond Price= $108,175.71
Answer:
x=4
Step-by-step explanation:
4x-3=5x-7
-1x-3=-7 Subtract the 5x on both sides
-1x=-4 Add the -3 to the -7
x=4
