What is the rate of return for an investor who pays
$1,054.47for a three-year bond with a 7% coupon ansd sells the bond
one yearlater for $1,037.19?

The rate of return for the investor is 4.95 %.

Step-by-step explanation:

The required rate of return can be determine with the help of IRR formula given below. To use the formula first we have to calculate NPV using one two rates that is 5% and 10%.

NPV (5%)= (-$1,054.47) +(1000*7%*0.952) + ($1,037.19*0.952)

= -0.42512

NPV (10%) = (-$1,054.47) +(1000*7%*0.909) + ($1,037.19*0.909)

=-48.03

IRR= 5% + (-0.43)/-0.43+48.03) * (10%-5%)

= 4.95 %

were is the equation

54 km / hours

step-by-step explanation:

we need to convert seconds to hours

60 seconds = 1 minutes

60 minutes = 1hour

15 m         60 second   60 minutes

  * *         = 54000 meters/ hour

second     1 minute             1 hour

now we need to convert meters to km

1000 m = 1 km

54000 m       1 km

*   = 54 km / hours

hour               1000m