(8x n) + 15=7 : 7-15= (-8), (-8)divided by 8= (-1) : n=(-1) : When you have problems like this it helps to work them backwards. Hope you understand this.
Answer:
The yield is 5.974%
Step-by-step explanation:
We proceed as follows ;
coupon rate = Annual coupon payment/bond face value.
The face value is the original amount which the bond was bought and that is $515 according to the question. While the coupon rate is 5.8%
mathematically, annual coupon payment = coupon rate * bond face value = 0.058 * 515 = $29.87
mathematically;
current yield = Annual coupon payment/bond price
current yield = 29.87/500
= 0.05974 or simply 5.974%
so the answer is c. 5.6%
Step-by-step explanation:
Answer:
65 + 25(3)
65 + 75
140
Step-by-step explanation:
