The value of t is 3/2 or 1.5
<u>Step-by-step explanation</u>:
The given expression is 17/20 equals t plus -13/20.
<u>Changing it into an equation form :</u>
⇒ t + (-13/20) = 17/20
Keeping t alone on one side and constant terms to the another side,
t = (17/20) + (13/20)
Since the denominators are same, it is easy to simplify those fractions.
⇒ t = (17+13)/20
⇒ t = 30/20
⇒ t = 3/2
⇒ t = 1.5
The solution is t= 3/2 or t= 1.5
Answer:
280
Step-by-step explanation:
because I just know. it is that because I know
<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
=
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%