Answer:
The correct option is d. $ 785
Step-by-step explanation:
Since,

Where,
C = Annual coupon payment,
FV = Face value,
M = Maturity in years,
YTM = yield to maturity,
Here,
FV = $ 1,000,
C = 7% of 1000 =
= 70,
M = 20 years,
YTM = 9.4% = 0.094,
By substituting the values,

= $ 785.3454 ( Using calculator )
≈ $ 785
Hence, OPTION d. is correct.
Answer:
A) 7%
Step-by-step explanation:
There are 360 degrees in a circle. Thus, a 25 degree sector would make up 25/360 of the circle. 25/360 can be simplified to .06944444. This rounds to .07, which is 7%.
Answer:
¹/₄x - 3 ≥ 2
+ 3 + 3
4(¹/₄x) ≥ 4(5)
x ≥ 20
Step-by-step explanation:
If you would like to know how many cans of soup you will need, you can calculate this using the following steps:
3 cans of soup ... 5 people
x cans of soup = ? ... 20 people
3 * 20 = 5 * x /5
x = 3 * 20 / 5
x = 12 cans of soup
The correct result would be 12 cans of soup.