Step-by-step explanation:
we need the whole question
Answer:Between 2016 and 2017 the population of Fort Myers, FL grew from 71,051 to 73,712, a 3.75% increase and its median household income grew from $38,971 to $41,591, a 6.72% increase. The population of Fort Myers, FL is 47.6% White Alone, 25.7% Black or African American Alone, and 22.7% Hispanic or Latino.
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Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.
<h3>What is the price of the bond five years from now?</h3>
The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.
Yield to matuity can be determined using a financial calculator:
Cash flow in year 0 = -875
Cash flow each year from year 1 to 25 = 85
Cash flow in year 25 = $1000
Yield to matuity = 9.86%
Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]
Future price factor = [1 - (1/YTM)^n] / YTM
= [1 - 1/0.0986^20] 0.0986 = 8.595555
[85 x 8.595555 ] + 152.478323 = $883.10
To learn more about yield to maturity, please check: brainly.com/question/26484024
Answer:
1
Step-by-step explanation:
1 times anything equals the opisite number but in this case you are multiplying 1 by itself 999999999999 times and that equals 1
