#1
The ALTITUDE is a line segment that connects a vertex of a triangle to a point on the line containing the opposite side, so that the line segment is perpendicular to that line.

#2
The MEDIAN a line segment that connects a vertex of a triangle to the midpoint of the opposite side

3 0

2 years ago

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A 6.50% coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity [interest rate] is t

Basile [38]

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%

7 0

2 years ago