Answer:
1/4 N + 15
the coefficient is "n" it is a letter variable associated with a term
Step-by-step explanation:
<span>Step 1: 0.46 = 46⁄100</span>
<span>Step 2: Simplify 46⁄100 = 23⁄50</span><span> hope this helped u</span>
Answer:
no. 4
Step-by-step explanation:
Answer:
YTM = 5.45%
Step-by-step explanation:
Here, we are interested in calculating the yield to maturity.
Mathematically;
Annual coupon=1000*4.3%=43
YTM=[Annual coupon+(Face value-Present value)/time to maturity]/(Face value+Present value)/2
=[43+(1000-870)/18]/(1000+870)2
=5.45%
