Leechtown Co. has 4.3% coupon bonds on the market with 18 years left to maturity. The bonds make annual payments. If the bond cu
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Answer:
Step-by-step explanation:
The area of a rectangle can be calculated with this formula:
Where "l" is the length and "w" is the width.
You can identify from the figure that the length and the width of this rectangle are:
Then, you need to substitute this lenght and this width into :
Now, apply Distributive property:
Finally, you need to add the like terms. Then, you get: