Acompany issued 5%, 20-year bonds with a face amount of $60 million. the market yield for bonds of similar risk and maturity is 6%. interest is paid semiannually. at what price did the bonds sell? (

Total$53.0656 (millions)

Explanation:

We will need to add the present value of the coupon payment

and the present value of the maturity date

present value of the annuity:

C= 60 million x 5% /2 1.5

time= 20 years 2 payment per year =40

rate= 6% annual = 0.06/2 = 0.03 semiannually

PV$34.6722

present value of the bonds:

Maturity60

time40

rate           0.03

PV        $18.3934

The value of the bond will be the sum of both

PV c$34.6722

PV m  $18.3934

Total$53.0656

answer: d. characteristics of guests

explanation: it is directly related to the spending characteristics of attendees who fall into each of these categories:

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )