The carpet for the office you completed cost $576. If you're using the same carpet in the new client's bedroom, how much will it
cost? Round up to the nearest whole dollar. (Hint: You may want to find the area of each room and the cost of the carpet per square foot.)
A. $360
B. $280
C. $64
D. $225
A. $360
B. $280
C. $64
D. $225
1 answer:
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<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
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%