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aliya0001 [1]
3 years ago
11

Your fi nancial advisor recommends buying a 10-year bond with a face value of $1,000 and an annual coupon of $80. The current in

terest rate is 7 percent. What might you expect to pay for the bond (aside from b
Mathematics
1 answer:
rusak2 [61]3 years ago
8 0

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

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Mei is the manager of a hotel. She is placing rectangular rugs on the wood floors throughout the rectangular hotel lobby
uranmaximum [27]

Answer:

Mei is the manager of a hotel. She is placing rectangular rugs on the wood floors throughout the rectangular hotel lobby.

The lobby is 38 feet long and 24 feet wide.

Each rug is 4 feet long and 2 feet wide.

She places 7 rugs throughout the lobby. The rugs do not overlap.

How much of the lobby's floor is left uncovered by the rugs?

 A.  

806 square feet

 B.  

912 square feet

 C.  

856 square feet

 D.  

968 square feet

Step-by-step explanation:

6 0
3 years ago
Ms. Bell's mathematics class consists of 14 sophomores, 6 juniors, and 10 seniors.How many different ways can Ms. Bell create a
prohojiy [21]

Ms. Bell's mathematics class consists of 14 sophomores,

Ms. Bell create a 4-member committee of sophomores

if each sophomore has an equal chance of being selected

this is a combination

\begin{gathered} ^{14}C_4=\frac{14!}{4!(14-4)!} \\ =\frac{14!}{14!\times10!} \\ =1001 \end{gathered}

The answer is 1001.I’ve completed answering the question.

8 0
1 year ago
What two numbers multiply to -112 and add up to -54
SVETLANKA909090 [29]
Xy = -112
x + y = -54

xy = -112
\frac{xy}{x} = \frac{-112}{x}
y = \frac{-112}{x}

x + y = -54
x + \frac{-112}{x} = -54
\frac{x^{2}}{x} + \frac{-112}{x} = -54
\frac{x^{2} - 112}{x} = -54
x^{2} - 112 = -54x
x^{2} + 54x - 112 = 0
x^{2} + 56x - 2x - 112 = 0
x(x) + x(56) - 2(x) - 2(56) = 0
x(x + 56) - 2(x + 56) = 0
(x - 2)(x + 56) = 0
x - 2 = 0    or    x + 56 = 0
x = 2    or    x = -56

  x + y = -54
  2 + y = -54
- 2           - 2
        y = -56
  (x, y) = (2, -56)

          or

     x + y = -54
  -56 + y = -54
+ 56        + 56
           y = 2
    (x, y) = (-56, 2)

The two numbers that multiply to -12 and add up to -54 are -56 and 2.
6 0
3 years ago
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Jasmine painted flowers in art class. She painted 5 daisies, 7 pink roses, and 3 tulips.
andreyandreev [35.5K]

Answer:

15 flowers

Step-by-step explanation:

7+3=10

10+5=15

7 0
2 years ago
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How do you write a graph that passes through the point (5, -1) and has a slope of 2 in Slope Intercept Form?
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Format: y = mx + b
y = 2x + b
Plug in the point
-1 = 2(5) + b
-1 = 10 + b, b = -11
Answer: y = 2x - 11
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3 years ago
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