Step-by-step explanation:
the number got divided by 100
it's actually 5607/100
"/"means divided
5607 ÷ 100=56.07
Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24
Answer:
its a
Step-by-step explanation:
You should multiply 2 at a time and not try to do them at the same time also if the fraction numbers a high you can cross simplify the numbers so multiplying them won't be as hard. so, for example, 8/12*16/36*50/100 you can simplify 8/12 to 2/3 16/36 to 4/9 50/100 to 1/2 then you can multiply 2/3*4/9 and then 8/27*1/2 to equal 8/54 and you can still simplify 8/54 to 4/27
93×10^6 = 93000000
It is equal to 93 million (with exactly 6 zeroes).
