Answer:
Current Bond price = $1155.5116
Step-by-step explanation:
We are given;
Face value; F = $1,000
Coupon payment;C = (7.3% x 1,000)/2 = 36.5 (divided by 2 because of semi annual payments)
Yield to maturity(YTM); r = 5.6%/2 = 2.8% = 0.028 (divided by 2 because of semi annual payments)
Time period;n = 13 x 2 = 26 years (multiplied by 2 because of semi annual payments)
Formula for bond price is;
Bond price = [C × [((1 + r)ⁿ - 1)/(r(r + 1)ⁿ)] + [F/(1 + r)ⁿ]
Plugging in the relevant values, we have;
Bond price = [36.5 × [((1 + 0.028)^(26) - 1)/(0.028(0.028 + 1)^(26))] + [1000/(1 + 0.028)^(26)]
Bond price = (36.5 × 18.2954) + (487.7295)
Bond price = $1155.5116
9514 1404 393
Answer:
(x, y) = (-2, -1) or (2, 1)
Step-by-step explanation:
Substitute for x in the first equation:
(2y)^2 +3(2y)y = 10
10y^2 = 10
y^2 = 1
y = ±1
x = 2y = ±2
Solutions are (x, y) = (-2, -1) or (2, 1).
Answer:
y=4x-1 i think
Step-by-step explanation:
Answer:
-0.41 radians
Step-by-step explanation
(Credit goes to calculista)
let
A---> the angle
if sin A=-0.4
then
A=sin-1(-0.4)
using a calculator
A=-23.578°----> the angle A belong to the IV quadrant
convert to radians
if pi radians--]----> 180°
x--------> -23.578°
x=-23.578*pi/180----> x=-0.41 radians
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