pu1triciacJeSip pu1triciacJeSip

19-03-2017
Mathematics

contestada

A $1,000 face value bond is currently quoted at 100.8. the bond pays semiannual payments of $22.50 each and matures in six years. what is the coupon rate?

Respuesta :

01-04-2017

We are given with
F = 1000
b = 22.50
P = 100.8

We use the formula to get the coupon rate
b = Fib
Substituting the given values
22.50 = 1000 ib
ib = 0.0255 or 2.25%

The coupon rate is 2.25%

Answer Link

Otras preguntas

Select the correct text in the passage. George is working as a lead team lead. Which statements correctly describes the skills that he requires? George requi

What was the significance of the G. I. Bill? A.) it established criteria for government issued war materials. B.) It increased access to education and home owne

How much is 3788 plus 83762

The telephone pole is _____ feet tall (Round to the nearest whole number) 14 ft 85 ft 42 ft 33 ft

Classify each number as rational or irrational 0.329 127.5 -89 101

please help me, i’m very lost!!!

What does the phrase the butterflies drifted as lazily as falling leaves mean?? Please and Thank you

the radius of a cylinder is multiplied by 6 while the height is kept the same. what effect does this have in the volume of the cylinder

What is the area of the parallelogram?

For the 50 students in an art contest there will be 1 prize for 1st place, 1 prize for 2nd place, and 3 prizes for a honorable mention. What is the probability