Answer:
2160
see I times them all together then i divided the last two by 3 and got 2160
Step-by-step explanation:
Answer:
1/3 or .3333333.....
Step-by-step explanation:
Given:
A bond with an annual coupon rate of 4.8%, bond value is $970. The bond's current yield can be calculated using this formula:
i = F<em>i</em><em>b
</em><em>
</em>where i = bond <em />yield<em>
</em>F = $970
<em>ib </em>= 4.8%
i = 970*(0.048)
i = $46.56