What is the rate of return on a $12,500 bond purchased at $10,750 with a 15% coupon?
1 answer:
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The height of an object can be represented as a function of time.
It takes the rocket 25 seconds to hit the ground
The height function is given as:
When the rocket hits the ground, we have:
h(t) = 0
So, the height function becomes
Rewrite as:
Divide both sides by 16t
Hence, it takes the rocket 25 seconds to hit the ground
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