Answer:
5.8%
Step-by-step explanation:
Current yield = 6.1%
Face value of bond = $500
Market price of bond = $475
Let the original coupon rate be CR
Multiply both sides by 475
Cancel out the 475's from the top and bottom of the right side
Flip the sides
Divide both sides by 5000
Cancel out 50000 from the top and bottom of the left side
%
CR = 0.0579 * 100 [convert decimal into a percentage]
CR = 5.79 %
CR = 5.8% [rounded off to the tenth place]
Answer:
its alot to explain but i will try to make it as simple as possible
Step-by-step explanation:
your first goal is to make each problem into the form ax^2+bx+c=0
number 1, 2, 7 and 8 is already done for you
now all you have to do is plug in each number in the standard form into the quadtratic formula.
basically at this point you can just use your calculator to do the rest of the work. dont forget parentheses so it doesnt get confused...
or you can perform the algebraic work.. its all just a matter of plugging in the right numbers into the quadratic formula...
cant really do the work for you since im on my phone. but yeah all you need to do step one is transform each problem into ax^2+bx+c=0 form
then step 2, plug in each number in to the quadtratic formula. from there calculate using basic algebraic rules
Answer:
$755.80
Step-by-step explanation:
Determine the compound amount first and then subtract the principal from it, to find the amount of interest.
The compound amount formula is A = P (1 + r/n)^(nt), where
P is the initial principal, r is the interest rate as a decimal fraction, n is the number of compounding periods per year, and t is the number of years. Here, P = $2179; t = 5 yrs; r = 0.06; and n = 4 (quarterly compounding).
We get:
A = $2179(1 + 0.06/4)^(4*5), or $2179(1.015)^20, or $2179(1.347) = $2937.80.
The compound amount is $2934.80. Subtracting the $2179 principal results in the interest earned: $755.80.
I would say 6 hours but i don’t think it is, sorry this one is a real tricky one
Y=mx+b
lines are parallels so m=2
y=2x+b
line passing through the point (4,2), so x=4 y=2
put these value in equation
2=2*4+b
2=8+b
b=2-8
b=-6
y=2x-6
Answer: y=2x-6
(verification on the picture)
