Do like this
(y - 1)(y² + 2y + 1)
y³ + 2y² + y - y² - 2y² - 1
y³ - 1
This is end result
To solve this problem and calculate the security's equilibrium rate of return, you should sum<span> the security's default risk premium (2.00%),</span> the inflation risk premium (1.75%), the real risk-free rate (3.50%), the security's liquidity risk<span> premium (0.25%) </span><span>and the maturity risk premium (0.85%). So, you have:
ij*=2.00%+1.75%+3.50%+0.25%+0.85%
</span> ij*=8.35%<span>
</span>
The architecture and design of the city was what they were impressed by. They said it may have been better than most European cities.
Answer:
Step-by-step explanation:
Given expression:
The given expression needs to be simplified to the form 
Applying the exponents rule to simplify.
Writing all numbers as product of 3.
⇒ 
Writing each in exponents form.
⇒ 
Using power of a power rule ![[\ (a^x)^y=a^{xy}\ ]](https://tex.z-dn.net/?f=%5B%5C%20%28a%5Ex%29%5Ey%3Da%5E%7Bxy%7D%5C%20%5D)
⇒ 
Using multiplication rule of exponents ![[\ a^x\times a^y=a^{x+y}\ ]](https://tex.z-dn.net/?f=%5B%5C%20a%5Ex%5Ctimes%20a%5Ey%3Da%5E%7Bx%2By%7D%5C%20%5D)
⇒ 
⇒ 
So we have 
∴
It would just be -14 still
