24 of the 360 students are likely to win a prize.
There is a 1/15 chance of winning a prize.
Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.
<h3>What is the price of the bond five years from now?</h3>
The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.
Yield to matuity can be determined using a financial calculator:
Cash flow in year 0 = -875
Cash flow each year from year 1 to 25 = 85
Cash flow in year 25 = $1000
Yield to matuity = 9.86%
Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]
Future price factor = [1 - (1/YTM)^n] / YTM
= [1 - 1/0.0986^20] 0.0986 = 8.595555
[85 x 8.595555 ] + 152.478323 = $883.10
To learn more about yield to maturity, please check: brainly.com/question/26484024
Answer:
see below
Step-by-step explanation:
8 can be factored from each of the terms of the sum. (It's the distributive property.)
8·0 + 8·1 + 8·2 + ... + 8·26 + 8·27
= 8·(0 +1 +2 + ... +26 +27)
The width and height of Talia's Scale drawing are :
- Width = 4.35 in
- Height = 5.7 in
We can obtain the actual length of the side of the house from Mike's drawing :
- Mike's scale = 3 ft to 1 in
Actual measurements:
- Scale ratio × model drawing
- Height, h = 9.5 × 3 = 28.5 feets
- Width, w = 7.25 × 3 = 21.75 feets
Measurement of Talia's Scale drawing :
- Talia's scale = 5 ft to 1 in
- Actual measurement ÷ scale
- Height = 28.5 ÷ 5 = 5.7 in
- Width = 21.75 ÷ 5 = 4.35 in
The width and height of Talia's scale drawing are 5.7 and 4.35 respectively.
Learn more : brainly.com/question/17388747?referrer=searchResults
Answer:
Work study
Step-by-step explanation:
I did that question.