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How long will it take for an investment of $185,000 to grow to $342.250 at an interest rate of 5,4% per annum? State your answer
How long will it take for an investment of $185,000 to grow to $342.250 at an interest rate of 5,4% per annum? State your answer in the format years, x months, * weeks and x days (do not include any decimals) (3 marks) a Renee, Kayode & Shadine Associates issued a 20-year, 12% coupon bond with a 1000 par value that pays coupons semi-annually. The bond was issued exactly ten years ago. The bond's YTM is 20%. If the current price this bond were $700. Approximate the bond's YTM (Give your answer as a percentage to 4 decimal places i.e xx.xxxx%)
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