When raised to the third power, it is the number times itself three times.
-2(-2) = 4
4(-2) = -8
<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
=
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%
Answer: the answer is D
Step-by-step explanation: I got it right
Answer:
D
Step-by-step explanation:
3 (4x + 18y) means that 3 will multiply 4x and 18y factor which results to 12x + 54y
hence dissimilar to the original expression
Answer:
A) it converges
B) 1998.047
C) 2000
d) The sum is getting smaller and smaller
Step-by-step explanation:
Formula: a_n+a_1*r^(r-1)
(1000*((0.5^10)-1))/(0.5-1)=1998.047
(1000*((0.5^30)-1))/(0.5-1)=2000