Answer: f(x) = 3(0.7)^x
Because as the exponent (x) of 0.7 grows the result decreases. When x is a big negative number the decay is fast, when the x is a big positive number the decay is low, and the function appraches assymptotically to a constant value. This is the behavior of an exponentially decaying function.
With the 15% coupon, you will get $1,875. (Because 15% of the bond's price $12,500 is $1,875.) Solution: 0.15 x 12500 = 1875
So $1,875 is to be divided by the actual price of the bond which is $10,750. (1, 875 ÷<span> 10,750 = 0.1744 convert this to percent to get the rate of return)
0.1744 = 17.44 %
The rate of return is 17.44%.</span>
Answer:
4c=4d
-remember to <u>change the </u><u>signs</u><u>/</u><u>symbols</u><u> </u>and do the <u>like terms</u>
