Compute the value of a bond
What is the value of a bond that matures in 20 years, makes anannual coupon payment of $40, and has a par value of $1,000? Assume a required rate of return of 10%, and round your answer to the nearest $10.
a. $410
b. $490
c. $500
d. $520
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Heights of men on a baseball team have a bell-shaped distribution with a mean of 177cm and a standard deviation of 5cm. Using the empirical rule, what is the approximate percentage of the men between the following values?
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