Ivan has a $500 bond with a 5.8% coupon. Ivan purchased this bond for $515.
What is the yield of this new bond?

The yield is 5.974%

Step-by-step explanation:

We proceed as follows ;

coupon rate = Annual coupon payment/bond face value.

The face value is the original amount which the bond was bought and that is $515 according to the question. While the coupon rate is 5.8%

mathematically, annual coupon payment = coupon rate * bond face value = 0.058 * 515 = $29.87

mathematically;

current yield = Annual coupon payment/bond price

current yield = 29.87/500

= 0.05974 or simply 5.974%

a) what number, when added to negative four, is equal to negative five?

step-by-step explanation:

there are many solutions.

step-by-step explanation:

step 1: simplify both sides of the equation.

4x+6=4x^2+10x−4

step 2: subtract 4x^2+10x-4 from both sides.

4x+6−(4x^2+10x−4)=4x^2+10x−4−(4x^2+10x−4)

−4x^2−6x+10=0

step 3: factor left side of equation.

−2(2x+5)(x−1)=0

step 4: set factors equal to 0.

x=-5/2 or x=1