This is a function of money in which any commodity- such as gold or currency- can be saved for later use.
1 answer:
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Answer:
The answer is the option 2=4.1%.
Explanation:
In the first instance, the question is misspelled. It seems to be a product of the transcription of an image. By googling the text, you can find the images that are attached where the problem arises.
Taking into account the above, let's work on the problem found.
First of all, the implied earnings yield is given by:
Replacing in equation:
which we can express in percentage terms as:
So, the answer is the option 2=4.1%.
