Answer:
To make this clear, consider this simple example: a $1,000 bond that sells for $900 and pays a 7% coupon (that's $70 a year), would have a current yield of 7.77%. This is $70 (annual interest) divided by $900 (current price).
Step-by-step explanation:
Answer: (12,4)
Step-by-step explanation:
The number of cd’s in Walters collection is 36.
x+3x=144
4x=144
144/4=36
X=36