Answer:
40
Step-by-step explanation:
You have to divid 240 by 6
The answer is 0.516%
Using the simple interest formula
Which is SI= (principal x rate x time)/100
Its basically saying 8×9a is equal to 9×-2a then you answer it the answer is 72=-18
Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<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= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24
