Answer:
h = 430
Step-by-step explanation:
1290 = h/10 + h/5 Make h/5 into something that is something / 10
1290 = h/10 + 2h/(5*2) Clean up the brackets.
1290 = h/10 + 2h/10 Add the right.
1290 = 3h/10 Multiply both sides by 10
1290*10 = 10(3h/10)
12900 = 3h Divide both sides by 3
h = 430
Answer:
Bond Price= 1,892.73
Step-by-step explanation:
Giving the following information:
Par value= 1,600
Cuopon= 1,600*0.045= 72
YTM= 3.2%
Number of years (n)= 19
<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= 72*{[1 - (1.032^-19)] / 0.032} + [1,600 / (1.032^19)]
Bond Price= 1,013.29 + 879.44
Bond Price= 1,892.73
According to my calculation 565.3 is greater.
Isolate the variable by dividing each side by factors that don't contain the variable.
Exact Form:
x
=
13
3
x
=
13
3
Decimal Form:
x
=
4.
¯
3
x
=
Mixed Number Form:
x
=
4
1
3
