Answer:
Today, the price of the bond will be the same as it was when you bought it 5 years ago.
Step-by-step explanation:
The increase in the coupon rate of the bond will actually take effect on the price of the bond after a year period of the change in the rate. The adverb, Today shows that this is the same day the rate was increased, thus the generation of the increment till that day will depend on the former rate. Instead of getting an increment of 6.7% than the previous price after a year, today's price will still be the same as it was five years ago.
Answer:
Skewed to the left
Step-by-step explanation:
Given
Required
The type of distribution
From the given data, we have:
--- Mean and Median are not equal
and
--- Median is greater than mean
<em>When the median is greater than the mean; the histogram is expected to be left skewed</em>
Answer:
It would be equal to 15 - (18)
