How do u do this please help!!
1 answer:
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Answer:
The yield to maturity is 6.3974%
Step-by-step explanation:
The computation of the yield to maturity is as follows
Given that
NPER = 18 × 2 = 36
PMT = $1,035.25 × 6.50% ÷ 2 = $33.65
PV = $1,035.25
FV = $1,000
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
AFter applying the above formula, the yield to maturity is
= 3.1987% × 2
= 6.3974%
Hence, the yield to maturity is 6.3974%
Answer:
Step-by-step explanation:
1. To solve simplify the expression given in the problem, you must apply a property of exponents called Quotient of powers, which states that when you divide two powers that have the same base, you must subtract the exponents.
2. Keeping this property on mind, you can rewrite the expression as following and simplify: