A bond with an annual coupon rate of 4.8% sells for $970. what is the bond’s current yield?
1 answer:
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Answer:
The vertex of the quadratic equation is the point (4,2)
Step-by-step explanation:
we know that
The figure show a vertical parabola open downward
The vertex represent the maximum point of the graph
Looking at the graph
The maximum point of the graph is (4,2)
therefore
The vertex of the quadratic equation is the point (4,2)
see the attached figure to better understand the problem
