Y = mx + b
slope(m) = -2/3
(2,-5)...x = 2 and y = -5
now we sub, we r looking for b, the y int
-5 = -2/3(2) + b
-5 = - 4/3 + b
-5 + 4/3 = b
- 15/3 + 4/3 = b
- 11/3 = b
equation is : y = -2/3x - 11/3...but we need it in standard form
Ax + By = C
y = -2/3x - 11/3
2/3x + y = - 11/3....multiply by 3
2x + 3y = -11 <== standard form
1/3 of an hour = 20 minutes
8 hours = 480 minutes
So to find the number of periods we divide 480 by 20. Answer is 24
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%
