Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. answer is not 4700 question 2 mark an asset in

answer is not 4700 Question 2 Mark An asset in the market...

70.2K

Verified Solution

Question

Finance

answer is not 4700 image
Question 2 Mark An asset in the market is priced at 12,500 with an annual effective yield rate of 3,5%. Jayce uses the first-order Macaulay approximation to estimate the price of the asset if the yield rate were to increase to 6%. The result is 8,015 On the other hand, Ashley uses the first-order modified approximation to estimate the price of the asset. The estimated price is X if the yield rate were to increase to 8%. Calculate X 2,026 B 2,380 2,619 D 4,427 6,878

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The burning of fossil fuels contributes to all of the following ecological problems EXCEPT for...

Finance
1.2K views

Every two years, Warrior Lacrosse develops a new lacrosse stick design. Over the past year, the...

Advance Math
1.2K views

Determine step by step power series solution about x=0 for: 4xy'' + 2y' - y = 0. note:...

General Management
1.2K views

Instructions: Read the Grand View Grocers Corporation case below. Grand View Grocers Corporation, headquartered in Clewiston, Florida, is...

Biology
1.2K views

16 2 points Which of the following correctly describes how mutation as a process of...

Geometry
1.2K views

each congruence statement Explain your reasoning A E DBC B D LCDB

Basic Math
1.2K views

The greatest problem facing the United States during the period of Manifest Destiny was whether...

Basic Math
1.2K views

Write the point slope form of the equationof a line parallel to y = -x...

Statistics
1.2K views

59 17 Seved Calculate the gross pay for the following employee an apple picker assuming...

Accounting
1.2K views

El balance general clasificado de una empresa report activos corrientes de $1,364,181, pasivos totales...

Accounting
1.2K views

which of the following statements is correct regarding the new pass through entity business deduction?...

Accounting
1.2K views

Dominics Deli recently calculated its annual break-even sales revenue to be $210,000. For each dollar...