A firm’s bonds have a maturity of 12 years with a $1,000 face value, have an 6% annual coupon, are callable in 6 years at $1,070, and currently sell at a price of $1200. What return should investors expect to earn on these bonds? (Note: You will need to calculate YTM and YTC to answer this question)

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is symmetric about the line y = 120,000.

step-by-step explanation:

215.92 dollars is the answer

9 sandwiches per hour

step-by-step explanation:

when we have a rate, we want a 1 in the denominator

27/3 = 9

27 sandwiches/ 3 hours = 9 sandwiches/hour

for this case we have by definition, if two lines are perpendicular, then the product of their slopes is -1.

then, given the following line:

so,

we are looking for m_ {2}:

then, the line is given by:

we find "b" replacing the given point:

finally, the equation is:

option c