Lacy has a $1000 bond with a 6.2% coupon that she purchased for $1025. What is the yield of this bond? Round your answer to 2 de
2 answers:
You might be interested in
ANSWER
EXPLANATION
We want to simplify the expression,
Let us expand the bracket to obtain,
We now group the complex number parts and real number parts.
We simplify further to obtain,
This is in the form,
where
and
EXPLANATION
We want to simplify the expression,
Let us expand the bracket to obtain,
We now group the complex number parts and real number parts.
We simplify further to obtain,
This is in the form,
where
and