Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 11 percent, has a YTM of 9 percent, and has 15 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 9 percent, has a YTM of 11 percent, and also has 15 years to maturity. The bonds have a $1,000 par value. What is the price of each bond today?

Price of Bond X : $1,162.89

Price of bond Y : $854.66

Step-by-step explanation:

Given the following information :

Bond X :

Face value = $1000

Yield to maturity (YTM) / market interest rate = 9%

Coupon rate = 11%

Years to maturity = 15 years

Compounding frequency = semianually

Using the online bond price calculator, The bond price will be $1,162.89. The bond is sold at premium, since the par value is lesser than the bond price.

For Bond Y:

Face value = $1000

Yield to maturity (YTM) / market interest rate = 11%

Coupon rate = 9%

Years to maturity = 15 years

Compounding frequency = semianually

Using the online bond price calculator, The bond price will be $854.66. The bond is sold at a discount , since the par value is greater than the bond price.

f(x) = y

f(-3) = -5

step-by-step explanation:

step-by-step explanation: the declaration of the rights of man and of the citizen (french: déclaration des droits de l'homme et du citoyen de 1789), set by france's national constituent assembly in 1789, is a human civil rights document from the french revolution.[1]

the declaration was drafted by the abbé sieyès and the marquis de lafayette, in consultation with thomas jefferson.[2] influenced by the doctrine of "natural right", the rights of man are held to be universal: valid at all times and in every place, pertaining to human nature itself. it became the basis for a nation of free individuals protected equally by the law. it is included in the beginning of the constitutions of both the fourth french republic (1946) and fifth republic (1958) and is still current. inspired by the enlightenment philosophers, the declaration was a core statement of the values of the french revolution and had a major impact on the development of freedom and democracy in europe and worldwide.[3]

the 1789 declaration, together with the 1215 magna carta, the 1689 english bill of rights (1689), the 1776 united states declaration of independence, and the 1789 united states bill of rights, inspired in large part the 1948 united nations universal declaration of human rights