Answer:
a. $849.45
Step-by-step explanation:
In the above question, we are given the following information
Coupon rate = 10%
Face value = 1000
Maturity = n = 20 years
t = number of periods = compounded semi annually = 2
Percent yield = 12% = 0.12
Bond Value formula =
C/t × ([1 -( 1/ 1 + r/t)-^nt ÷] r/t) +( F/ (1 + r/t)^nt)
C = coupon rate × face value = 10% × 1000 = 100
Bond value:
= 100/2 × ( [1 - (1 /1 + 0.12/2)^-20×2]÷ 0.12/2)+ (1000/( 1 + 0.12/2)^20×2
= 50 × ( [1 - (1 /1 + 0.06) ^40] ÷ 0.06) + ( 1000/ (1 + 0.06) ^40
= 50 × ( [1 - (1/ (1.06) ^40] ÷ 0.06 ) + (1000/(1.06)^40)
= 50 × 15.046296872 + 97.222187709
= $849.45
Bond value = $849.45
Answer:
0.5j+19
Step-by-step explanation:
<u><em>Answer:</em></u>
<u>The rule is: </u>
T(x) = 8x + 20
<em><u>Explanation:</u></em>
<u>We are given that:</u>
<u>The rule for the amount that one friend pays is:</u>
C(x) = 2x + 5
<u>Now, we know that:</u>
Each of the four friends will pay the entry fee which is $5 per person
The 4 friends will play the same number of games represented by x
<u>This means that:</u>
We can simply get the rule for the total amount to be paid by the four friends (T(x)) by multiplying the amount paid by each friend by 4
<u>This means that:</u>
T(x) = 4 * C(x)
T(x) = 4(2x + 5)
T(x) = 8x + 20
Hope this helps :)
11 is the biggest and the 22
Answer:
Step-by-step explanation:
Combine 
Combine the bottom, too.
Apply the fraction rule
Cancel
Therefore, 
