It would be 5.5y because y equals 1.
Study all notes, reread the chapters again. Have someone ask questions on the chapters page by page. This always has worked for me. Plus try to do this again the night before the test. You will be surprised how much you can remember by doing it again the night before the test. Hope this helps.
Answer:
5.8%
Step-by-step explanation:
Current yield = 6.1%
Face value of bond = $500
Market price of bond = $475
Let the original coupon rate be CR


Multiply both sides by 475

Cancel out the 475's from the top and bottom of the right side


Flip the sides

Divide both sides by 5000

Cancel out 50000 from the top and bottom of the left side
%
CR = 0.0579 * 100 [convert decimal into a percentage]
CR = 5.79 %
CR = 5.8% [rounded off to the tenth place]
Answer:
X×Y×Z%/100
Step-by-step explanation:
using formula
si=p×t×r%/100