What is the rate of return on a $5,000 bond purchased at $4,750 with a 12% coupon?
1 answer:
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Answer:
8 + 3 + -6x
Step-by-step explanation:
First we need to find the like terms so that we could add them. In this case the like terms are,
1. 6x , -2x , -10x
So, these are the only terms that we can add in this expression.
Hence,
=> 8 + 3 + (6x - 2x - 10x)
=> 8 + 3 + -6x
And this is as simple as this expression can go until we find the value of "x" which is not yet told.
Hope my answer helped.