J& j manufacturing issued a bond with a $1,000 par value. the bond has a coupon rate of 7% and makes payments semiannually. if the bond has 20 years remaining and the annual market interest rate is 9.4%, what will the bond sell for today?
a. $761b. $787c. $746d. $785e. $796

The correct option is d. $ 785

Step-by-step explanation:

Since,

Where,

C = Annual coupon payment,

FV = Face value,

M = Maturity in years,

YTM = yield to maturity,

Here,

FV = $ 1,000,

C = 7% of 1000 = = 70,

M = 20 years,

YTM = 9.4% = 0.094,

By substituting the values,

= $ 785.3454  ( Using calculator )

≈ $ 785

Hence, OPTION d. is correct.

center (1,3) with radius 6

step-by-step explanation:

we must complete the square to find the center and radius of the circle.

first make sure the x and y squared terms have 1 as their coefficients. we also make sure x and y terms together.

we now create space between the x and y terms with parenthesis.

we complete the square by taking the middle terms -2x and the -6y - divide each and square them.

we add the squares to both sides.

simplify.

and write the quadratics in factored form.

the center is (h,k) or (1,3). the radius is the square root of 36 which is 6.