Bond yields find the promised yield to maturity for a 7% coupon, $1,000 par 20 year bond selling at $1115.00. the bond makes semiannual coupon payments.
5.52%
6.07%
6.00%
6.22%

Yield to maturity = 2 × 3.037 = 6.07%

Given:

Face Value = $1000

Bond Price = $1115

Semi annual coupon interest = 1000 × % = $ 35

We'll equate the semi yield to maturity, using the following formula:

Semi yield to maturity =

where;

n = no. of semi annual period = 40

Using the value in above equation, we get

Semi yield to maturity =

Semi yield to maturity = 3.037%

Therefore , yield to maturity = 2 × 3.037 = 6.07%

b. x- 48 =120

step-by-step explanation:

let's solve your equation step-by-step.

24−3x=−27

step 1: simplify both sides of the equation.

24−3x=−27

24+−3x=−27

−3x+24=−27

step 2: subtract 24 from both sides.

−3x+24−24=−27−24

−3x=−51

step 3: divide both sides by -3.

−3x

−3

=

−51

−3

x=17

answer:

x=17

step-by-step explanation:

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