Answer:
5.8%
Step-by-step explanation:
Current yield = 6.1%
Face value of bond = $500
Market price of bond = $475
Let the original coupon rate be CR
Multiply both sides by 475
Cancel out the 475's from the top and bottom of the right side
Flip the sides
Divide both sides by 5000
Cancel out 50000 from the top and bottom of the left side
%
CR = 0.0579 * 100 [convert decimal into a percentage]
CR = 5.79 %
CR = 5.8% [rounded off to the tenth place]
Answer:
dude your teacher is on crack
Answer: Raymond is correct
The DJ charges $75 an hour.
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Explanation:
x = number of hours
y = total cost
The DJ does a 3-hour event for $275. This means one point is (x,y) = (3,275)
Another point is (5,425) because a 5-hour event costs $425.
Let's find the slope of the line through these two points.
The slope is 75, meaning that each time y goes up by 75, x goes up by 1.
Flipped around it means each time x goes up by 1, y goes up by 75.
This means each time we add on an extra hour, the cost goes up by $75.
The DJ charges $75 an hour. Raymond is correct.
The answer is D, because you move to the right of the decimal to see if that number is 5 or above. Then you round up, (to 86). :) Hope this was helpful.
Answer:
6+(-2)
Step-by-step explanation:
6 is positive but we are subtracting 2. Therefore, the expression is 6 plus -2. It is negative because that is what we are taking away. The plus sign does not mean anything because there is a negative number. When you look at it, you immediately read 6 plus -2 and since it is a negative not a positive then it's subtracting not adding.