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Iteru [2.4K]
4 years ago
10

Stein Co. issued 13-year bonds two years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. If these bond

s currently sell for 95 percent of par value, what is the YTM?
Mathematics
1 answer:
Firlakuza [10]4 years ago
4 0

Nper = 11*2 = 22 (indicates the period over which interest payments are made)

PMT = 1000*10.3%*1/2 = 51.5 (indicates sem-annual interest payments)

PV = 1000*95% = 950 (indicates the current selling price of the bonds)

FV = 1000 (indicates the face value of bonds)

Rate = ? (Indicates YTM)


YTM = Rate(Nper,PMT,PV,FV)*2 = Rate(22,51.5,-950,1000)*2 = 11.098% or 11.10%


Answer is 11.098% or 11.10%.

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Answer:

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Nethan only has enough flowers to make at most 20 rose or daffodil bouquets total.

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The maximum bouquets that can be made = 20

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When x = 2 then y = 4

When x = 4 then y = 2

When x = 6 then y = 0

You can see the graph attached.

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3 years ago
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