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
Answer: 2014
Step-by-step explanation:
LED: -25x + 6y = 20
CFL: 15x + 2y = 322
we need to find which year it was the same to know where LED lighting surpassed CFL lighting
-25x + 6y = 20
15x + 2y = 322 (-3)
-25x + 6y = 20
<u>-45x - 6y = -966 </u>
-70x = -946
x = 13.51
The nearest year would be 14 which is 2014
If it helps at all there is this graphing webpage called desmos.com it helps with tables and a lot of graphing stuff.
Answer: Domain = {-4, -1, 0, 2, 7, 8, 13}
The domain is the set of allowed x inputs. So all we do is list the set of x values in the top row of the table.
In contrast, the range is the set of possible y outputs. So the range would be {5,2,-3,7,4,9}. Any duplicate items in the range are tossed out. Optionally you can order the set from smallest to largest, but that's not required. This is because order in a set doesn't matter.
