You actually can cause it wasn’t far alone in the relationship
Answer:
Yield to maturity is 1.51%
Explanation:
Zero Coupon rate does not offer any coupon payment and it is issued at deep discount value.
Face value = F = $100
Price = P = $98.50
Year to mature = n = 1 year
Yield to maturity = ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = ( $100 - $98.5 ) / 1 ] / [ ( $100 + $98.5 ) / 2 ]
Yield to maturity = $1.5 / 99.25
Yield to maturity = 0.0151
Yield to maturity = 1.51%
Dana is assigned to create a training program for newly hired mortgage loan officers. She has the "responsibility" to complete this assignment.
<h3>What is mortgage loan?</h3>
A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.
The main difference between the loan and mortgage loan is-
- Any financial arrangement where one party receives a lump sum and agrees to repay the money is referred to as a "loan."
- A mortgage is a specific kind of loan used to fund real estate. Although a specific kind of loan, not all loans are mortgages. Loans that are "secured" are mortgages.
To know more about the mortgage, here
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