Step-by-step explanation:
C=y[20]
Cy=[20] Answer is Cy=[20]
Answer:
YTM = 5.45%
Step-by-step explanation:
Here, we are interested in calculating the yield to maturity.
Mathematically;
Annual coupon=1000*4.3%=43
YTM=[Annual coupon+(Face value-Present value)/time to maturity]/(Face value+Present value)/2
=[43+(1000-870)/18]/(1000+870)2
=5.45%
Turn it into math terms bit by bit. let x be "a number"
8 times a number is 8×x
increased by 9 is +9
7 times a number is 7×x
exceeds is minus
by 15 is =15
now we put it together.

solve
Answer:
miguel
Step-by-step explanation:
no explanation needed
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