Find the value of X pls help me
1 answer:
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Answer:
$60
Step-by-step explanation:
11 identical pairs of Air Jordan cost $660.
To find the cost of one pair, you have simply to divide the total amount paid by the total number of pairs.
Total amount paid = $660
Total number of pairs = 11
The cost of one pair
<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
=
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%